🚀FTX is taking legal action against rival Bybit and its affiliates, seeking a whopping $953 million!💰 The lawsuit, filed in Delaware, alleges that Bybit and its investment arm, Mirana Corp, improperly withdrew funds and digital assets during FTX's ongoing bankruptcy proceedings.

FTX claims that Bybit had access to "VIP" benefits, enabling Mirana to swiftly move vast sums out of FTX's platform while regular customers struggled. The lawsuit also accuses Mirana of pressuring FTX employees to expedite their withdrawal requests, disadvantaging regular customers.

This high-stakes legal battle is part of FTX's broader strategy to track down and reclaim funds distributed before its Chapter 11 filing. As the case unfolds, the crypto world and regulators will be watching closely for its implications on the industry. Stay tuned! 🍿👀