Bybit and Bitget see crypto deposits surge following Binance’s $6.3 billion hack

Rival crypto exchanges, including Bybit and Bitget , saw a surge in deposit activity following Binance's Oct. 29 hack. The increase coincided with Binance's nearly three-day withdrawal suspension after hackers stole approximately $6.3 billion from the world's largest crypto exchange, disrupting customers' ability to move funds to competing platforms. According to blockchain analytics firm Bitquery , the number of addresses depositing funds into Bybit's Ethereum wallets jumped 142% to 31,539 between Oct. 29 and Nov. 1, compared with 13,038 during the equivalent period a week earlier.

Source: CryptoSlate