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)

• ·eos币价格曲线-eos币价格走势图
• ·活期支票究竟是何意？
• ·USDT最新交易平台_团队实力强的ethAPP排名汇总
• ·比特币是非法的还是清真的？伊斯兰观点解读
• ·股票卖飞-股票卖飞了是什么意思
• ·瑞贝卡(600439.SH)：未持有黄河信产股权，与黄河信产无业务往来
• ·K33 報告：資金費率指標預示加密市場未來幾週將觸底反彈
• ·hotbit交易所排第几？hotbit交易所排名介绍
• ·Pi币价格预测：2024年、2025年和2030年详细分析
• ·天蒙山怎么去-天蒙山怎么去最方便
• ·OX币现在行情-ox币今年会涨到什么价格
• ·2023Fil如何-讨论FIL在2023年的表现
• ·The Bitcoin memory block with a height of 860080 takes 73 minutes to produce
• ·10月31日汇添富中盘积极成长混合C净值下跌1.30%，今年来累计下跌5.39%
• ·日本三大銀行將參與測試穩定幣跨境轉帳平台
• ·meme币 Web3.0钱包入口 顶尖加密货币交易平台