Binance Sends $1.29 Billion in Crypto to Unknown Wallets in Three Hours

Transfers from Binance to unidentified wallets totaled $1.29 billion in the three hours through 7 a.m. ET Sunday, more than half of the $1.77 billion in large crypto movements during the period. The largest of the 10 transfers was 300 million Tether USDt (USDT), valued at $299.9 million, sent from Binance to an unidentified wallet at 4:16 a.m. ET Nov. 1. Other transfers from Binance to unidentified wallets included 3,000 Bitcoin (BTC) worth $234.4 million, 200 million USD Coin (USDC) valued at $200.2 million and 200 million USDT worth $200 million.