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$500 Million USDT Transfer Moves From Binance to Unknown Wallet

The Oct. 9 transaction moved Tether from Binance to an unidentified wallet. No purpose for the transfer was provided.

Mentioned assets
Hardware wallet resting in a secure exchange vault / TokenPost.ai
Hardware wallet resting in a secure exchange vault / TokenPost.ai

A $500 million Tether (USDT) transfer moved from Binance to an unidentified wallet on Oct. 9, marking a significant on-chain movement from the cryptocurrency exchange.

The destination wallet was not identified, and no purpose for the transaction was provided. The transfer involved USDT, with the movement recorded as funds leaving Binance.

The transaction was detected at 9:11 a.m. ET (13:11 UTC).

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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