Crypto Clash: FTX vs Bybit Lawsuit Unveils $953 Million Dispute 1. What was the nature of the dispute between FTX and Bybit? The dispute between FTX and Bybit involved a legal clash over approximately $953 million, stemming from alleged financial disagreements or contractual breaches related to liquidation processes or asset management. 2. Was the FTX collapse considered a black swan event? Yes, the FTX collapse was widely regarded as a black swan event due to its sudden and catastrophic impact on the cryptocurrency market, which few predicted. Its fallout exposed systemic risks and triggered widespread regulatory scrutiny. 3. How did the FTX-Bybit lawsuit conclude? The lawsuit concluded with a $228 million settlement between FTX and Bybit, bringing the parties closer to resolving the epic liquidation process and potentially mitigating further legal or financial fallout.