On February 22, Coinbase director Conor Grogan tweeted that Binance and Bitget will deposit 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. The funds are coordinated by Bybit itself due to skipping the deposit address. In response, Bybit CEO Ben Zhou said: Thank you Bitget for lending a helping hand at this moment. Binance and several other partners are communicating. This fund has nothing to do with Binance.