Because they are afraid that trading platforms will lose the trust of customers and users in a world full of fraudsters and electronic thefts.

In a move that reflects the solidarity of major exchanges, Binance and Bitgate have provided exceptional support to Bybit, which is facing a severe liquidity crisis. Over 50,000 $ETH were transferred directly to Bybit’s cold wallet, in a swift move to save the day. Impressively, Bitgate alone contributed 39,999 ETH, which is almost half of its ETH reserves! This immediate coordination between the platforms reflects the deep cooperation within the crypto world, where forces are joining forces to support stability and protect users.


#BybitSecurityBreach #VIRTUALWhale #BinanceAlphaAlert #FTXrepayment