On March 26th, COINOTAG News reported that, according to The Data Nerd, a significant transaction occurred involving a wallet potentially linked to Bybit. The wallet transferred approximately 22,000 ETH (valued at about $45.35 million) to Binance. This transaction appears to be part of a repayment strategy following a recent security breach. Notably, the same wallet facilitated another deposit of 22,000 ETH to Binance just a week prior, indicating a possible ongoing financial maneuver between these major players in the cryptocurrency sector.
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