Coinbase executive: Binance and Bitget will deposit over 50,000 ETH into Bybit cold wallet

ChainCatcher news, Coinbase executive Conor Grogan tweeted that Binance and Bitget deposited over 50,000 ETH directly into Bybit's cold wallet, with Bitget's deposit accounting for 1/4 of all ETH at the exchange. Since the deposit address was skipped, these funds were coordinated by Bybit itself.

In response, Bybit CEO Ben Zhou stated: Thank you to Bitget for extending a helping hand at this moment, Binance and several other partners are in communication, and this fund has nothing to do with Binance officially.