Bybit Receives $172.5M in #EMERGENCY Loans

In the past 5 hours, Bybit secured $172.5M in #loans from various exchanges and institutions to handle customer withdrawals:

40,000 ETH ($107M) from Bitget

12,652 stETH ($33.9M) from MEXC

11,800 ETH ($31.6M) from Binance

These funds were sent to Bybit’s cold wallet (0x88a149...), likely to maintain liquidity after the $1.46B hack that occurred 11 hours ago.