Bybit CEO: Genesis's second-largest creditor Mirana is an investment division under Bybit, and this incident does not affect Bybit users' assets

ChainCatcher news, Bybit CEO Ben Zhou tweeted that Genesis's second-largest creditor, Mirana Ventures, is an entity of Mirana Corp, which is part of Bybit's investment division. Mirana only manages a portion of Bybit's company assets and is segregated from user assets; the Bybit Earn product does not utilize Mirana. Additionally, Genesis has collateral worth approximately $120 million for the $151 million loan to Mirana, which has currently been liquidated.

ChainCatcher previously reported that, according to bankruptcy filing documents, Genesis's top creditors include Gemini, Mirana, MoonAlpha Finance, and others. (source link)