The $1.4 billion Bybit hack has sparked chaos in the crypto community, triggering massive asset transfers to and from the exchange. In a surprising turn of events, billions of tokens, including Bitcoin and Ethereum, have been transferred to Bybit as a show of support. However, Binance CEO Changpeng Zhao has denied Binance’s involvement in the recent transactions.
Binance Not Involved in Bybit Asset Transfers, Says Changpeng Zhao
The massive Bybit hack, one of the largest in crypto history, has left both the community and exchange troubled. However, in a display of solidarity, the crypto platform has received an influx of billions in cryptocurrencies from unknown wallets and platforms.
Amid significant fund transfers from Binance to Bybit, speculation emerged that the former was providing the latter with a liquidity boost. However, in an X post, Changpeng Zhao denied those claims, stating, “Can’t take credit for it.” Instead, he asserted that those were user transactions, addin
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