Crypto exchange Bybit has taken a significant step toward resolving its substantial debt by repaying a whopping 47,800 ETH to Binance-linked lender. This repayment marks an important milestone in addressing the $120,000 ETH loan Bybit received back in February, but it’s just one part of a complex financial picture for the exchange. While this move demonstrates their commitment to managing debt and maintaining stability, Bybit still owes significant amounts to MEXC Exchange and another entity. The crypto community is closely watching as Bybit navigates its debt situation, highlighting the challenges and complexities within the world of cryptocurrency exchanges.