20 million USDT transferred to and from Huobi exchange to unknown wallets

Despite the ongoing Tether and fiasco, USDT movement hasn’t waned. There are massive transactions that have been moving Tether between various exchanges and the Tether treasury.

Two massive transactions involving Tether were recorded, moving in and out of Huobi, a Chinese exchange.

Source: Explorer

The first transferred 10 million USDT from 1FwWBMfwxE9ngQ5DJKHFQsZ1wqpfD1sjpk to 1EPDc4Cw4xiqsoWCHnWepfwbqWLcBFamwm. The sender had a balance of 22 million USDT, while the receiver had zero balance and this transaction took place on the Explorer.

@Whale_Alert tweeted the same transaction. However, the user mentioned that the above was sent to Huobi from Binance.

However, CZ confirmed that this didn’t originate from Binance.

Source: Tronscan

The second transferred a total of 9,999,999 USDT from TNaRAoLUyYEV2uF7GUrzSjRQTU8v5ZJ5VR to TAyAA1xjZGyjQYP8UHp5qFtRcLgUG2XnPi. This transaction was different from the first because the second transaction took place on the Tron Blockchain, instead of the usual.

Tron has been a competitor to Ethereum and has already surpassed Ethereum’s all- high transactions. Tron also launched a program to issue USDT on the TRX blockchain. This was announced on April 17, 2019. However, due to the recent and Tether lawsuit, Tron’s USDT giveaway plan was postponed indefinitely.

The sender of the ~10 million USDT on the TRX blockchain had a total balance 61,103 USDT, while the receiver had 16.3 million USDT.

A Twitter user, @random_exp, commented,

“This is coming from the @TMZ in cryptos of the likes @CryptoChico…”

Another Twitter user @ISayHowItIs, commented,

“best CEO ever = @cz_binance and hack just make him stronger and more open to community. Other exchanges CEO’s this is a great example for you how to #BUIDL and even worst happen still exist with huge community support!”

The post 20 million USDT transferred to and from Huobi exchange to unknown wallets appeared first on AMBCrypto.

Post written by our friend Akash Girimath and Syndicated from ambcrypto
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Syndicated from ambcrypto

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