Bybit CEO: Mirana, Genesis’ second largest creditor, is Bybit’s investment arm, and this incident will not affect Bybit user assets

According to ChainCatcher, Bybit CEO Ben Zhou tweeted that Mirana Corp, the entity of Mirana Ventures, Genesis' second largest creditor, is an investment division of Bybit. Mirana only manages part of Bybit's assets and is isolated from user assets. Bybit Earn products do not use Mirana. In addition, Genesis's $151 million loan to Mirana was pledged with collateral worth about $120 million, which has now been liquidated.

ChainCatcher previously reported that according to the bankruptcy filing, Genesis’ top creditors include Gemini, Mirana, MoonAlpha Finance, etc. (Source link)