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：个股)

• ·PEPE 价格上涨 45% 后瞄准 0.00001550 美元：是月球时间吗？
• ·Mira 协议如何透过去中心化共识机制，让 AI 更诚实？
• ·特朗普晚宴引发舆论风暴：场内奢华聚会场外抗议声浪高涨
• ·虚拟币钱包怎么备份-虚拟币钱包怎么备份数据
• ·天天基金股票开户
• ·btcltc交易平台
• ·股票出现倒t-股票出现倒T是什么意思
• ·钱包服务器对接
• ·c游平台c币充值
• ·虚拟货币为什么有价值 虚拟币为什么值钱
• ·比特币资料行情网站
• ·东台今天什么什么风-东台今天什么天气
• ·比特币 Liquid 网络总锁定价值超过 32.7 亿美元
• ·数字货币钱包哪个好-数字货币钱包哪个好用
• ·风什么电什么描写天气-风什么电什么描写天气的词语
• ·分公司独立核算怎么改成非独立核算