A new lawsuit from FTX claims Bybit affiliate used “VIP” status to withdraw crypto funds. In the lawsuit, the company claims Bybit’s Mirana withdrew $327 million just before FTX pause.
According to latest releases, FTX’s bankruptcy advisers sued crypto exchange Bybit Fintech Ltd and two corporate affiliates. It is bound to recover cash and digital assets valued at roughly $953 million that was withdrawn from Sam Bankman-Fried’s crypto exchange before it filed Chapter 11 a year ago.
The lawsuit was filed Friday in Delaware court alleges Bybit’s investment arm, Mirana Corp.
It had special “VIP” benefits, and used those special privileges to get most of its assets off Bankman-Fried’s platform before it collapsed in November last year.
More From Bloomberg
If you desire to spend cash or crypto on any platform, we don't recommend it. Many offers we present you here doesn't require your spending money to earn anything. For those that do, please do your due diligence before comitting your earnings to it.
