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：基金专题)

• ·盘点11位投资了加密货币的参议员
• ·甬矽电子收盘涨7.69%，主力资金净流入3081.11万元
• ·请问光大银行信用卡二卡一般额度多少啊？
• ·bat币的行情
• ·鲸鱼飙升 200% 导致 PEPE 飙升 14%——这是否只是又一次零售 FOMO 激增？
• ·通润装备收盘涨10.0%，主力资金净流入8417.01万元
• ·柴犬币：100美元投资如何在5年内飙升至近200万美元？到2030年能否再现辉煌？
• ·OKX欧艺PC端下载指南，了解平台、安装步骤及注意事项
• ·產業發展令人失望！Crypto 正面臨大規模的「消極與擺爛」
• ·区块链交易平台app
• ·Pi Network 今日新闻：5 月 23 日
• ·比特币09年时怎么交易的，09年比特币交易方式
• ·全球暗网突袭导致2亿美元数字资产和现金被扣押
• ·USDT交易平台iOS版v6.8.3下载-苹果下载USDT官方交易所2023
• ·区块链ico众筹平台
• ·中国服装公司宣布 8 亿美元比特币和加密货币投资策略后股价震荡