FTX Sues Bybit to Claw Back $953M in 'Misappropriated Funds'

Friday’s legal complaint filed in Delaware targets Bybit Fintech Ltd., its investment arm Mirana and several individuals, including Mirana executive Sean Tan. It alleges the investment unit „received gross transfers from FTX.com of digital assets currently valued at approximately $838 million,“ of which about $500 million were transferred in the days before FTX halted withdrawals on Nov. 8, 2022.