FTX and Bybit exchange reach a settlement agreement of 228 million magnesium, and the day of claims is just around the corner?
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)
- ·10月31日惠升惠远回报混合C净值下跌0.13%,今年来累计下跌7.67%
- ·10月31日易方达瑞享混合I净值下跌1.39%,近1个月累计上涨2.6%
- ·比特云注册价格
- ·10月31日国联行业先锋6个月持有混合C净值下跌0.30%,近1个月累计下跌4.8%
- ·10月31日中欧瑾泉灵活配置混合A净值下跌0.36%,近1个月累计下跌4.14%
- ·狗币手机挖矿软件
- ·10月31日银华多元回报一年持有期混合净值下跌0.10%,近1个月累计下跌3.13%
- ·10月31日宏利行业精选混合C净值下跌0.31%,近1个月累计下跌1.53%
- ·火币 HTX 高管面对面对话孙宇晨 & 火币六爷:从太空愿景到行业布局,探索加密新边界
- ·10月31日银河乐活优萃混合A净值下跌1.72%,近6个月累计下跌9.69%