Bitget and Bybit have two common minority shareholders, Dragonfly’s Feng Bo and the boss of MEXC. Among them, Feng Bo likely plays a bigger coordinating role. Feng Bo is also a shareholder of OKX. A quick search will reveal their backgrounds and influence. It’s all public information, known to everyone in Singapore’s crypto circle. It’s also said that BEN previously helped out a lot when Bitget was in trouble. That screenshot from He Yi, which looks like a forgery, claiming both sides have a common major shareholder, is incorrect.