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

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2025-02-21 23:53:18
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.
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