Bitfinex Sends $233.9 Million in Tether USDt as Four Moves Total $709.7 Million

Four large crypto transfers worth $709.7 million took place during the three hours ending at 7:01 p.m. ET Nov. 9. The largest was a $233.9 million transfer of Tether USDt (USDT) from Bitfinex to Tether Treasury.

At 4:13 p.m. ET, Bitfinex sent 234,120,120 USDT to Tether Treasury. At the same time, 200 million USDT, valued at $199.8 million, moved from Tether Treasury to Bitfinex.

At 5:30 p.m. ET, two transfers between unknown wallets moved 1,984 Bitcoin (BTC), worth $149 million, and 1,691 BTC, worth $127 million. Together, the Bitcoin transfers were valued at $276 million.

The exchange-flow tally showed $0 moving from unknown wallets to exchanges and $0 moving from exchanges to unknown wallets. The USDT transfers were between Bitfinex and Tether Treasury, while the Bitcoin transfers were between unknown wallets.

TokenPost has also covered an earlier 206.2 million USDT transaction connecting Bitfinex and Tether Treasury.