613 Million USDT Transferred from Binance to Unknown Wallet

Shenchao TechFlow reported that, according to Whale Alert monitoring, on October 30 at 04:23 Beijing Time, a total of 612,729,468 USDT was transferred from Binance to an unknown wallet, worth approximately $612 million at the time of transfer.

The receiving address currently has no public label, so the identity of the transferring party and the purpose of the funds cannot yet be confirmed. Large stablecoin outflows from exchanges may be related to institutional withdrawals, over-the-counter transactions, or internal exchange wallet adjustments; further on-chain tracking is still needed.

Shenchao TechFlow previously reported that Whale Alert also detected Tether transferring 500 million USDT to Binance in the early hours of today.

Source: Shenchao TechFlow