Bybit, a leading cryptocurrency exchange, has made a significant deposit of 22,000 ETH, valued at $45.35 million, to Binance. This transaction, flagged by on-chain analyst The Data Nerd, suggests a potential connection to the reimbursement of loans taken out following a security breach on Bybit's platform. The analyst noted that the same address, believed to be linked to Bybit, executed a similar deposit of an equivalent amount just last week. This recurring pattern strengthens the hypothesis that these large ETH transfers are intended for loan repayments related to the hack's aftermath. While Bybit hasn't officially confirmed the reason for the transfers, the timing and consistency point towards this likely scenario. The crypto community is closely watching these developments for further clarifications from Bybit regarding their financial recovery strategy. ```

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