DWF Labs just received 2,200 ETH ($5.32M) in loan repayment from Bybit:

• transaction: 0x4f83f075e9adacfd9cd89e0501d580d49fc569230e68ad05244566e9b55434b8
• address: 0xc0e59d7b743c2757c8b39b791b5ebaf2bf6e725d
• This address belongs to the entity DWF Labs
• Bybit's cold wallet: 0x88a1493366d48225fc3cefbdae9ebb23e323ade3

On February 22, 2025 (3 days ago), DWF Labs sent 2,200 ETH (then $6.03M) to Bybit to support the exchange following their $1.4B hack (more details here). Notably, Bybit appears to have started repaying loans to its post-hack creditors, including Bitget.

The ETH price dropped 10% in the past 24 hours.

Fig 1. DWF Labs lent and then received 2,200 ETH ($5.32M) back from Bybit after just 3 days.

Fig 2. The current top 5 holdings of DWF Labs.