The article discusses the recent hack of ByBit, the second largest offshore cryptocurrency exchange, and the transfer of almost 52 million XRP (equivalent to $128.78 million) to the exchange. The wallet address that sent the XRP was activated by Binance, the world's largest centralized cryptocurrency platform. There is speculation about the interaction between the two exchanges and whether this transfer is a sell-off or a support gesture from Binance to ByBit after the hack. Market participants are closely scrutinizing such moves in the post-hack period.



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