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Bitfinex Receives 100.98 Million USDT From Unidentified Wallet

The Oct. 20 transfer carried an estimated value of $100,934,306.

By Enna Lee
Published
Mentioned assets
Two blank token discs sit at opposite ends of a steel channel / TokenPost.ai
Two blank token discs sit at opposite ends of a steel channel / TokenPost.ai

Bitfinex received 100,980,000 Tether (USDT) from an unidentified wallet on Oct. 20.

The incoming transfer was valued at approximately $100,934,306.

Large stablecoin transfers into exchanges draw attention because USDT is widely used in crypto trading.

Tether issues USDT, a stablecoin used for trading and liquidity across crypto markets. Bitfinex is a crypto exchange with substantial USDT activity, making the destination of a transfer this size relevant to traders tracking stablecoin flows.

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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