<ul><li>FTX has settled a $228 million lawsuit with crypto exchange Bybit.</li><li>The settlement allows FTX to recover $175 million in crypto assets from Bybit's platform and sell $53 million in BIT tokens to Mirana Corp.</li><li>FTX filed the lawsuit in 2023, accusing Bybit of using 'VIP' access to withdraw funds before its collapse in 2022.</li><li>The settlement aligns with FTX's reorganization plan to distribute over $12.6 billion in assets back to customers and creditors.</li></ul>

FTX Settles $228 Million Lawsuit with Bybit Exchange

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