Four USDT Transfers Move $765.3 Million Between Bitfinex and Tether Treasury

Four large Tether (USDT) transfers worth a combined $765.3 million moved between Bitfinex and Tether Treasury in the three hours ending at 2:03 a.m. ET Oct. 28. Three transfers went from Bitfinex to Tether Treasury, while one went to Bitfinex.

At 1:23 a.m. ET, 281.8 million USDT valued at $281.4 million moved from Bitfinex to Tether Treasury. At 1:17 a.m. ET, another 124.3 million USDT worth $124.2 million moved from Bitfinex to Tether Treasury. Two transfers at 1:24 a.m. ET each involved 180 million USDT, valued at $179.8 million: one moved from Bitfinex to Tether Treasury, and the other moved from Tether Treasury to Bitfinex. The two transactions moved the same amount in opposite directions.

Transfers from unknown wallets into exchanges totaled $0 during the window. Transfers from exchanges to unknown wallets also totaled $0; all four listed movements were between Bitfinex and Tether Treasury.