Coinbase CEO Reveals Binance and Bitget Deposited Over 50,000 ETH in Bybit Cold Wallet

On February 22nd, Coinbase director Conor Grogan tweeted that Binance and Bitget deposited more than 50,000 ETH directly into Bybit's cold wallet, of which Bitget's deposit is 1/4 of all ETH on the exchange. Since the deposit address is skipped, these funds are coordinated by Bybit itself.
In this regard, Bybit CEO Ben Zhou said: Thanks to Bitget for reaching out at this moment, Binance and several other partners are communicating that this funding has nothing to do with Binance officials.