Breaking: FTX's Legal Battle Escalates with a $1 Billion Lawsuit Against ByBit and Its Executives; Investors Eye Presale Boasting 900% ROI

FTX, the disgraced crypto exchange undergoing bankruptcy has filed a lawsuit against ByBit and its executives for $1 billion. This lawsuit comes in the middle of the ongoing bankruptcy proceedings for FTX. Amid the chaos, the presale of VC Spectra (SPCT) is being touted by analysts as the best crypto to invest in. Let’s understand why.

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Summary:

FTX files a lawsuit worth $1 billion against ByBit and its executives.
VC Spectra (SPCT) is touted as the best investment, with 900% ROI during presale.

FTX Fights Back as it Files $1 billion Lawsuit Against ByBit and its Executives

The collapse of the FTX exchange has been one of the main reasons behind the current state of the market. Recently, the FTX exchange has been under bankruptcy proceedings. These proceedings aim to reimburse the FTX investors and users who lost their funds when the exchange collapsed.

In a recent turn of events, FTX has filed a lawsuit worth $1 billion against ByBit and its Executives. The lawsuit claims that ByBit and its executives withdrew funds worth nearly $1 billion during the collapse. The withdrawals are alleged to have been done with the help of their close connections with some of the FTX employees.

FTX claims that these withdrawals by ByBit, its executives, and entities associated with ByBit, such as Mirana and Time Research, were done unlawfully. FTX further states that ByBit had restricted FTX from withdrawing funds from the ByBit exchange during the tumultuous period.

The results of the lawsuit are awaited however, the crypto market has recently shown the strength to turn green. In such a scenario, investors seek the best cryptocurrency to buy.

VC Spectra (SPCT) Poised for 900% Presale Profits After 725% Surge

The AI-powered, democratic, decentralized, and community-driven hedge fund, VC Spectra (SPCT) is built on the Ethereum network. Users can access early-stage discounted blockchain ICO and DeFi companies through the VC Spectra platform. VC Spectra generates consistent and stable profits in a highly volatile crypto market by investing in these projects.

Users can also invest in funds managed by VC Spectra, such as Alpha Matrix, and Eclipse Opportunity, among others. The platform also indulges in systematic, algorithmic, arbitrage, and other forms of advanced trading to earn profits. These profits are redistributed among the users by VC Spectra through rewards and dividends.

The native governance token for the platform is the BRC-20 standard SPCT token. The public presale of the SPCT is underway and has reached Stage 4 at $0.066 per token. This price is a result of a 725% surge in the SPCT token since Stage 1 of the presale.

VC Spectra has announced that the SPCT token will be launched on December 6. Before that, it is predicted to surge by over 900% to reach $0.080 per token. As a result, investors are flocking towards it, calling the SPCT token the top crypto to buy.