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：现货银)

• ·特朗普家族加密项目WLFI大手笔购入EOS
• ·数字货币怎么样了
• ·filUSD币价格今日行情
• ·桂林二月份穿什么衣服
• ·h值 股票
• ·加速固定资产折旧的前提是什么
• ·王伟东股票
• ·World Liberty项目大手笔购入Vaulta和$A代币
• ·数字货币交易平台全球排行榜 比特币最全看盘软件
• ·佛羅里達州考慮將比特幣納入退休基金，為投資組合提供避險作用
• ·usdt交易平台排名 2025年十大usdt交易平台排名一览
• ·人人贷第一次借款额度是多少？最高额度是多少啊？
• ·中泰铁路股票
• ·人人贷怎么激活额度？刚申请到的额度。
• ·BitMine 推出比特币财务咨询业务，与首位客户达成 400 万美元交易
• ·公信宝价格