Bybit Clarifies $150 Million Exposure to Bankrupt Crypto Lender
Bullet Points: • Bybit CEO Ben Zhou clarified that Bybit had $150 million exposure to the bankrupt crypto lender Genesis Global Trading via its investment arm Mirana. • Zhou noted that the exposure has about $120 million of collateralized positions, which Mirana had already liquidated. • The community questioned Bybit’s timing in revealing their exposure …
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