TechFlow news, on November 1, according to CryptoSlate, FTX has reached settlement agreements with Evolve Bank and the Silicon Valley Community Foundation (SVCF), expecting to recover up to $21 million in assets. Court filings from October 30 indicate that these settlements are subject to court approval, with a hearing scheduled for November 20.
Specifically, Evolve Bank will return approximately $12.77 million to FTX, retaining only $462,700 to cover expenses. The bank will also waive all existing and potential claims against FTX. SVCF has agreed to return at least $8.5747 million in cash and 34,208.70 FTT tokens, assets originating from donations made in December 2021 by former FTX executives Nishad Singh and Caroline Ellison.
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