MEXC deposits $33.75M stETH into Bybit’s cold wallet

On-chain analyst @EmberCN reported on X that over the past hour, MEXC’s hot wallet deposited 12,652 stETH ($33.75 million) into Bybit’s cold wallet. In total, Bybit has received around 64,452 ETH ($170.73M) from MEXC, Bitget and an institution withdrawing from Binance. Earlier, crypto news account @solidintel_x reported that Binance and Bitget-linked addresses had deposited over 50,000 ETH into Bybit’s cold wallet. However, former Binance CEO Changpeng Zhao (CZ) clarified that these deposits were not officially made by Binance.