In the latest Bybit news, the exchange has settled a $228 million lawsuit with FTX, which was filed to help recover funds lost by regular users during FTX’s collapse last year.
This situation highlights the growing need for trustworthy platforms in the crypto space, leading many users to explore alternatives like Ledger Live and Plus Wallet. Ledger Live has partnered with THORChain, enabling users to swap assets directly across different blockchains.
Meanwhile, Plus Wallet has gained immense popularity in the U.S., UK, and developing markets thanks to its user-centric approach. With broad cross-chain support and an easy-to-use design, Plus Wallet has become a top choice for users managing diverse crypto assets.
FTX and Bybit have concluded their legal dispute with a $228 million settlement, resolving a lawsuit initially filed for $953 million. Bybit news sources report that FTX accused Bybit’s investment arm, Mirana Corp., of using insider perks to withdraw $327 million in assets just before FTX’s collapse. This left regular users unable to access their funds.
As part of the settlement, FTX will receive $175 million in assets from Bybit and sell BIT tokens worth $53 million to Mirana. The settlement awaits court approval, with a hearing scheduled for November 20, 2024. if approved, it will help FTX repay customers and creditors affected by the collapse.
Ledger Live’s partnership with THORChain enables users to swap assets like Bitcoin and Ether across different blockchains directly in the app, without the need for wrapped tokens. Announced on October 21, this marks Ledger’s first integration with a decentralized finance protocol for native swaps.
Users can access this feature from the “discover” page in the app, alongside options for trading and staking with Ledger’s hardware wallets. THORChain may also integrate with Binance’s Web3 wallet and recently joined the Rujira Alliance, which aims to expand its decentralized finance ecosystem.
Plus Wallet has become popular in well-established crypto markets like the U.S. and UK, as well as in emerging markets. A big reason for this popularity is the wide access it provides across multiple blockchains, making it a preferred choice for users wanting to manage different types of assets.
With its cross-chain functionality, Plus Wallet makes it easy to send and receive cryptocurrencies between different blockchain networks, which speeds up the trading process. Unlike typical wallets that limit users to one network, Plus Wallet lets users explore many promising opportunities from a single platform.
This flexibility has drawn in a diverse group of users, from beginners to experienced crypto enthusiasts. Advanced users can trade and manage their assets across multiple networks without the hassle of using separate wallets, which can be distracting and time-consuming. New users, on the other hand, appreciate the app’s simple design, which allows them to navigate the market without facing technical difficulties. In emerging markets, Plus Wallet’s easy-to-use interface has helped more people to start using digital assets and decentralized applications by making crypto less intimidating.
As interest in crypto continues to rise, Plus Wallet’s straightforward approach positions it as one of the best crypto wallets for 2024. Ultimately, Plus Wallet maintains a strong focus on making digital finance accessible to everyone. This user-centric model and commitment to inclusivity are driving its global adoption across various markets.
Bybit’s news of the $228 million settlement with FTX offers a small relief for customers affected by FTX’s collapse. Cases like this have led investors to look for platforms that give them more control over their assets and greater earning opportunities.
Ledger Live’s partnership with THORChain allows users to easily swap assets between different blockchains, making the app more useful. However, Plus Wallet offers even more advantages. Its encryption system gives users full control, while its cross-chain access lets them explore a variety of assets.
Plus, its rewards program offers bonuses on every trade. These features explain why both major and emerging markets favour Plus Wallet, with many reports ranking it as one of the best crypto wallets for 2024.
Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
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