The now-bankrupt сrypto lender claims that the cryptocurrency exchange withdrew approximately $689,302,000 during the 90-day period prior to the bankruptcy, benefitting at the expense of other creditors.
FTX is allegedly going to reboot, but former employees are already building a new exchange. An employee is suing, while the bankruptcy estate sues Bybit to recover funds.
The 1% TDS on digital asset transactions has provoked “an exodus of users, funds and trades to offshore platforms,” according to a study by Esya Centre.
