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FTX settles lawsuit against Bybit exchange for $228 million
FTX Bankruptcy Group filed a legal filing on Oct. 24 agreeing to a $228 million settlement with the Bybit exchange in a lawsuit originally filed by FTX Bankruptcy Group in 2023 to recover money to pay back former customers and creditors. According to legal documents, the settlement will allow FTX to withdraw $175 million of digital assets held on Bybit and sell about $53 million of BIT tokens to Mirana Corp, the investment arm of the Bybit exchange.
2024-10-27 18:38:16
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