FTX-Bybit Lawsuit Settlement Overview In a significant development, FTX has successfully reached a $228 million settlement with Bybit, effectively ending a prolonged legal dispute between the two companies. This agreement is expected to assist FTX in its efforts to recover from bankruptcy and pave the way for refunding its customers. The settlement was acknowledged by several news sources including Cointelegraph and Bloomberg Law News within the past few days. Key Details of the Settlement Financial Details: FTX will withdraw $175 million in digital assets held on Bybit. Additionally, FTX will sell approximately $53 million in BIT tokens to Mirana Corp.The settlement is pending court approval, which is a necessary step before any distribution. This resolution comes after the court approved FTX's reorganization plan earlier this month, which has influenced the dynamics of related lawsuits, including one against the legal firm Sullivan & Cromwell. Show Less