FTX and Bybit reach a settlement

The bankruptcy estate administrator of FTX has reached a settlement agreement of $228 million with Bybit exchange. According to legal documents dated October 24th, this settlement stems from a lawsuit filed by the FTX estate administrator in 2023, aimed at recovering funds to repay past customers and creditors.

According to legal documents, the settlement agreement will allow FTX to extract $175 million in digital assets held on Bybit and sell approximately $53 million in BIT tokens to Mirana Corp, the investment arm of Bybit exchange. FTX's lawyer pointed out that although the claim has legal basis, continuing the litigation will be very cumbersome:

The plaintiff's claims regarding return, violation of automatic protection orders, fraud, and priority transfer are disputed and carry certain risks, and continuing the litigation will be time-consuming and expensive

The settlement agreement still requires court approval, and both parties are scheduled to hold a hearing on November 20, 2024 at 2 pm Eastern Time to confirm the agreement.

FTX bankruptcy estate administrator sues Bybit

FTX initially filed a $1 billion lawsuit against Bybit and Mirana in November 2023, accusing these entities of using "VIP" channels and close relationships with FTX executives to quickly extract approximately $327 million in digital assets and cash before FTX ultimately collapsed.

The lawyer for the bankruptcy estate administrator of FTX pointed out that Mirana and other personnel were granted priority withdrawal privileges by the FTX team during the early stages of FTX's collapse, and these withdrawal records were tracked in a database.

When will FTX repay?

FTX's repayment plan was approved earlier this month, designating at least $12.6 billion for distribution to creditors. The payment will begin within 60 days after the effective date, but the date is still to be determined.

(责任编辑：现货金)

• ·币创火币
• ·福光股份：专业从事特种及民用光学镜头、光电系统、光学元组件等产品科研生产，产品广泛应用于国家重大航天任务及高端装备
• ·冷钱包硬钱包-冷钱包硬钱包什么意思
• ·农业银行电话多少-农业银行电话多少人工服务
• ·比特币做什么用的 比特币做什么用的多
• ·市净率高股票
• ·瑞士的 SIX Group 考慮推出加密貨幣交易所
• ·涨停揭秘 | 天微电子首板涨停，封板资金97.11万元
• ·发行债券会计分录怎么做
• ·生物股份(600201.SH)：子公司取得新兽药注册证书
• ·SEC 指控 Unicoin 及其高管涉嫌 1 亿美元发行欺诈，误导 5,000 多名投资者
• ·OKX欧意官网，数字货币交易平台，安全、便捷、高效
• ·火币网挖矿软件
• ·资产负债表没有交易性金融资产怎么办
• ·据报道，Ripple 提议以 110 亿美元现金和 XRP 竞购 Circle
• ·ybc元宝币价格