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FTX Reaches $228 Million Settlement with Bybit, Moves Closer to Customer Refunds
Oct 27, 2024, 01:52 PM
FTX has reached a $228 million settlement with Bybit, moving closer to providing refunds to its customers. As part of the agreement, FTX will drop its lawsuit against Bybit and recover $175 million from the cryptocurrency exchange. Additionally, FTX will sell other assets, including BIT tokens, to Bybit's investment arm Mirana for $53 million.
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