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FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.

By Jesse Hamilton|Edited by Nikhilesh De

Updated Oct 28, 2024, 5:10 p.m. Published Oct 28, 2024, 5:08 p.m.

John J. Ray III, who took over as FTX CEO to manage the bankruptcy, secured a settlement with Bybit. (House Committee on Financial Services)