Binance and Tether Treasury Complete a $999.6 Million Round Trip

Binance and Tether Treasury moved $499.8 million in Tether (USDT) in each direction Oct. 21, as exchange outflows to unknown wallets exceeded inflows across a three-hour stretch of large transfers. At 10:07 a.m. ET (14:07 UTC), 500 million USDT worth $499.8 million moved from Binance to Tether Treasury. At 10:57 a.m. ET (14:57 UTC), the same amount and value moved back to Binance. Earlier, at 9:04 a.m. ET (13:04 UTC), 145 million USDT valued at $144.9 million moved from Bitfinex to Tether Treasury. A transfer of 145 million USDT worth $144.8 million moved back to Bitfinex at the same time.