According to Foresight News, Igneus Terrenus, the head of Mantle's public relations, responded to the exchange of ByBit and FTX platform tokens. He said that Bybit has never had a CEX token. BIT is the governance token of BitDAO. The BIT held by Alameda is restricted from being transferred to MNT. The two parties are currently going through legal procedures.
Previously, Yu Jin said that ByBit and FTX exchanged platform coins in early November 2021: ByBit exchanged 100 million BIT for 3.36 million FTT from FTX, and both parties promised not to sell within 3 years. Now there are 2 months to go before the 3-year deadline, and it is likely to be sold after the restricted sale ends. At that time, it was an equal exchange, and now the price difference exceeds 53 million US dollars: 100 million BIT is worth 57.73 million US dollars; 3.36 million FTT is worth only 4.47 million US dollars. BitDAO (BIT) has now been upgraded to Mantle (MNT).
