"Bybit Estimated Address Repays Ethereum Loan to Binance"
Son Min
Summary
- It has been confirmed that Bybit recently repaid a large amount of Ethereum (ETH).
- An address related to Bybit transferred 22,000 ETH to Binance, presumed to be a loan repayment related to the hacking incident.
- It was emphasized that the same amount of Ethereum was deposited to Binance last week.
Cryptocurrency exchange Bybit has reportedly repaid a large amount of Ethereum (ETH) to Binance.
On the 26th (local time), The Data Nerd reported on X that "an estimated Bybit address transferred 22,000 ETH (approximately $45.35 million) to Binance," adding that "the transfer is presumed to be a loan repayment related to the Bybit hacking incident." It further noted, "Last week, the same wallet deposited 22,000 ETH to Binance."
Previously, Bybit had received Ethereum loan support from various industry stakeholders after being hacked for 500,000 ETH.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit