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：财富观察)

• ·智能机械股票
• ·memeBIAN卓app手机客户端 memeBIAN卓什么地方下载
• ·币圈十大交易所都是哪些 上榜名单
• ·10月31日中欧优质企业混合C净值下跌0.11%，近1个月累计下跌2.1%
• ·独立核算自负盈亏是什么意思
• ·如何处理时态法的折算差额呢？
• ·2017零币价格
• ·10月31日国泰金鹿混合净值下跌0.74%，今年来累计下跌7.95%
• ·城镇土地使用税忘记计提了怎么办
• ·meme币钱包下载官网APP meme币软件客户端下载
• ·zb币价格预测-zb币最新价格
• ·10月31日华泰紫金景泓12个月持有期混合发起A净值下跌0.07%，近1个月累计下跌0.13%
• ·香港股票账户-香港股票账户开户条件
• ·东盟自贸区概念31日主力净流出1.01亿元，赛轮轮胎、南宁百货居前
• ·「白干」三年无收入，Movement幕后顾问爆猛料
• ·10月31日长江长扬混合发起C净值下跌0.22%，近1个月累计下跌1.48%