Bybit’s $228 Million Agreement Advances Reimbursement Efforts for Former FTX Clients

As anticipated, after months of negotiations and legal disputes, FTX has finally reached a settlement agreement with the exchange Bybit, securing compensation of 228 million dollars.

The agreement was presented to the bankruptcy court on October 24 and represents a significant step for the exchange. It aims to recover funds to compensate its former clients and creditors, damaged by the platform’s failure in 2022.

Read more at Cryptonomist.