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Changpeng Zhao denies involvement in recent ETH transfers to Bybit

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Binance CEO Changpeng Zhao denies Binance 's involvement in the recent ETH transactions to Bybit .

The Binance founder says that they are user transactions or whale moves.

Despite the hack and withdrawals, Bybit still holds $1.2 million ETH.

The massive Bybit hack sparked chaos in the crypto community, triggering massive asset transfers to and from the exchange.