#CryptoDaily: FTX Sues ByBit Exchange USD 953M
š Lawsuit Details: Delaware court case against Bybit Fintech, Mirana, Time Research & associated individuals.
šØ Alleged "VIP" Privileges Abuse: Mirana accused of pressuring #FTX for quick withdrawals, even after suspension.
š° Post-Suspension Withdrawals: Over $327 million allegedly withdrawn by Mirana after Nov. 8, 2022.
š FTX's Reclaim Efforts: Chapter 11 allows insolvent firms to retrieve funds disbursed pre-bankruptcy.
š¬š§ Bybit's UK Service Suspension: CEO Ben Zhou announces halt in UK operations amid regulatory compliance issues.
š FTX Revival Plans: Former NYSE president Tom Farley interested; Figure Technologies and Proof Group also contenders.
šµ Solana (SOL) Liquidation & FTT Surge: SOL price is up 50%, FTT records over 30% increase and a 95% trading volume boost.
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