TechFlow news, according to Bloomberg, FTX's bankruptcy advisors have filed a lawsuit against cryptocurrency exchange Bybit Fintech Ltd and two related entities to recover approximately $953 million in cash and digital assets. These assets were withdrawn before FTX, SBF’s crypto exchange, filed for bankruptcy protection one year ago.
The lawsuit, filed Friday in Delaware court, alleges that Bybit’s investment arm, Mirana Corp., had special "VIP" privileges not available to most FTX customers, which it used to withdraw the majority of its assets from the FTX platform prior to FTX's collapse in November 2022. Mirana withdrew $327 million from FTX just before the platform suspended operations.
Add to Favorites
Share to Social Media
