Other than Bitget, MEXC must have also provided financial support to Bybit:

MEXC hot wallet transferred 12,652 stETH ($33.75M) directly to Bybit cold wallet in the last hour.

Bybit should have currently received 64,452 ETH ($170.73M) worth of loans.

Bitget, an institution that withdrew from Binance, and MEXC.

$ETH

ETH
ETH
1,752.02
-2.28%