New Wallet Withdraws $10.51 Million in ETH from Bybit

On January 20, Onchain Lens reported a newly created wallet address pulled 3,300 ETH from cryptocurrency exchange Bybit.

ETH

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Terms & Concepts
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and smart contract operations.
  • Bybit: A global cryptocurrency exchange offering trading services for digital assets, including spot and derivatives markets.
  • Wallet Address: A unique identifier used to store and send cryptocurrencies on a blockchain network.