Binance and Bitget recently deposited over 50,000 ETH into Bybit’s cold wallets

Binance and Bitget just deposited 50k+ ETH directly into Bybit's cold wallets. Bitget's deposits are especially interesting; its 1/4 of all of the exchange's ETH! (that I can see)

Since they skipped a deposit address, these funds were coordinated directly by Bybit themselves https://t.co/yimpcYpLx7

Conor

Binance and Bitget recently deposited over 50,000 ETH into Bybit’s cold wallets

https://x.com/jconorgrogan/status/1893030274432122920