FTX Settles Lawsuit with Bybit, Recovering $228 Million

   FTX has settled its lawsuit against Bybit, its executives, and investment arm Mirana, allowing the defunct exchange to recover approximately $228 million to aid in repaying its creditors. The settlement includes reclaiming $175 million in cryptocurrencies from Bybit accounts and selling over 105 million BIT tokens worth around $52.7 million. FTX alleged that Bybit withdrew substantial assets shortly before its collapse in 2022. The bankruptcy court has approved FTX's reorganization plan, with over 94% of creditors in favor