FTX sues crypto exchange Bybit and two affiliates to recover ~$953M in cash and digital assets that was withdrawn using "VIP" status before FTX filed Chapter 11 (Jonathan Randles/Bloomberg)

Jonathan Randles / Bloomberg:

FTX sues crypto exchange Bybit and two affiliates to recover ~$953M in cash and digital assets that was withdrawn using “VIP” status before FTX filed Chapter 11  —  – FTX claims Bybit affiliate used “VIP” status to withdraw funds  — Bybit’s Mirana withdrew $327 million just before FTX pause