Add as a preferred source on GoogleTether Sends $140 Million in Tether USDt (USDT) From Treasury to Bitfinex
The move follows recent two-way flows between Tether Treasury and Bitfinex. The transfer alone does not establish whether crypto was bought or sold.
Tether moved 140 million Tether USDt (USDT), worth about $139.9 million, from its treasury to Bitfinex, extending a series of large transfers between the token issuer and exchange.
In the three-hour window ending at 2:03 a.m. ET Oct. 28, four transfers totaling $765.3 million moved between Bitfinex and Tether Treasury. Three went from Bitfinex to the treasury, while one went to the exchange.
On Nov. 9, Bitfinex sent 234,120,120 USDT to Tether Treasury as 200 million USDT moved back to Bitfinex in the Nov. 9 transfers.
The transfers show movement between the exchange and Tether’s treasury. A transfer alone does not establish whether anyone bought or sold crypto.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.