TechFlow reports, in response to on-chain analyst Yujin's claim that "Bybit and FTX swapped exchange tokens in early November 2021," Mantle PR lead Igneus Terrenus stated that Bybit has never had an exchange token. BIT is the governance token of BitDAO. The BIT held by Alameda is restricted from migrating to MNT. Legal proceedings are currently underway.
Earlier report: The lock-up period for 100 million BIT and 3.36 million FTT exchanged between Bybit and FTX is nearing expiration.




