The lawsuit alleges that the ByBit exchange used special privileges that most FTX clients did not have to urgently withdraw their assets during the bankruptcy filing.
Court records show that on the morning of November 8, 2022, ByBit pressured FTX employees to comply with its requests, bypassing the ban on suspending withdrawals. The lawsuit seeks to return approximately $1 billion in assets to FTX’s bankruptcy estate.
There have been no official comments from the ByBit exchange regarding the filing of the FTX lawsuit.
Recently it became known that Tom Farley, the former president of the New York Stock Exchange (NYSE), was included in the list of three contenders who will compete to purchase the bankrupt cryptocurrency exchange FTX.
Earlier, Nansen analysts reported that three crypto exchanges – Kraken, Bybit and Bitget – benefited from the collapse of the FTX Group ecosystem and significantly increased their income.
Source: Bits
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