FTX claims Bybit, one of world's largest crypto exchanges, used VIP status to pull hundreds of millions of dollars during collapse

By Leo Schwartz

The bankruptcy estate of FTX filed its latest lawsuit on Friday as part of its attempt to make customers whole, suing the crypto exchange Bybit for nearly $1 billion.

After FTX collapsed in November 2022 under Sam Bankman-Fried , the new leadership stewarded by John

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