Bybit Settles Bankruptcy Case with FTX for 228 Million

FTX and Bybit’s agreement necessitates court endorsement to become enforceable. The hearing scheduled for November 20th holds significant importance in resolving this facet of FTX’s insolvency proceedings. Once sanctioned, FTX will be able to proceed with disbursing assets to their creditors, thereby edging closer towards fulfilling their repayment responsibilities. Anticipated to attend the hearing are legal representatives representing both parties, as the court’s decision will establish a precedent for forthcoming insolvency settlements.