Former FTX executives and promoters have reached a settlement of nearly $1.36 million with a class action group consisting of the crypto exchange's former investors who sought compensation for fraud.

The settlement involves FTX co-founder Zixiao "Gary" Wang, former engineering lead Nishad Singh, and Alameda Research ex-CEO Caroline Ellison, who agreed to cooperate and provide information to the lawsuit in order to resolve the claims against them. This agreement, submitted to a Miami federal court on March 27, is now seeking approval.

In addition to the aforementioned individuals, settlements were also reached with seven other influencers, as well as with former FTX chief regulatory officer and FTX.US chief compliance officer Daniel Friedberg.

While the former executives did not admit to any of the lawsuit's allegations, the class group acknowledged the value of their "knowledge and other information" in strengthening the case against others sued in the lawsuit, including celebrities, companies, and venture capitalists.

Wang, Singh, and Ellison have agreed to share all non-privileged documents and data they provided while assisting prosecutors in the case against their former boss Sam Bankman-Fried, who received a 25-year sentence after pleading guilty to fraud. Each of the three individuals faces their own sentences after pleading guilty to fraud, and their cooperation with the court will be affirmed before sentencing.

Furthermore, the former executives have agreed to provide records used in FTX's bankruptcy case, make themselves available for depositions and hearings, and forfeit their assets for the judge in their criminal case to decide the recovery and distribution of victim funds.

They will not oppose a request from FTX investors for the funds to be distributed through the class suit rather than FTX's proposed bankruptcy paybacks or other lawsuits.

A settlement was also reached with Friedberg, who voluntarily provided valuable information to the class group and agreed to continue doing so. Friedberg stated that he was not aware of the FTX fraud and immediately resigned upon learning about it, promptly contacting the authorities.

Several YouTubers and influencers, including Brian Jung, Kevin Paffrath, Tom Nash, Graham Stephan, Jeremy LeFebvre, and Andrei Jikh, also settled the suit by making payments. Additionally, American football star William Trevor Lawrence seemingly settled for $1 million, although specific information regarding his settlement was not available.

All parties named in the settlements are released from claims related to the alleged conduct giving rise to the litigation.