PANews reported on February 22 that Coinbase director Conor Grogan tweeted that Binance and Bitget will deposit a total of 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 was skipped, these funds were coordinated by Bybit itself.

In response, Bybit CEO Ben Zhou said: Thank you Bitget for extending a helping hand at this moment. Binance and several other partners are in communication. This funding has nothing to do with Binance officials.