FTX Trading Ltd. has reached a significant settlement with Bybit Fintech Ltd., resolving their legal dispute for $228 million. This agreement allows FTX to recover $175 million in digital assets from Bybit and sell BIT tokens to Bybit's investment arm, Mirana Corp., for approximately $53 million. This settlement marks a crucial step in FTX's bankruptcy proceedings, enabling the firm to secure substantial recoveries for its stakeholders while avoiding further litigation costs.

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