Tether [USDT], the seventh largest cryptocurrency by market cap, has been in the news lately following its response to New York Supreme Court Judge Joel Cohen’s ruling on the Bitfinex/NYAG case. However, ongoing investigations have not deterred whales dealing in USDT from moving funds from one wallet to the other.
In a recent update by the crypto-transaction tracking platform, Whale Alert, large amounts of USDT were seen moving from Binance to OKEx. Whale Alert tweeted a series of tweets citing the transfer. The first tweet read,
“2,499,998 #USDT (2,511,188 USD) transferred from #Binance to #OKEx”
This transaction was initiated by wallet address 0x3f5CE5FBFe3E9af3971dD833D26bA9b5C936f0bE and was sent to wallet address 0xb17a6b2c8821b68809eb87c89eabebdf17f75f3e, with a timestamp of 03:42:55 UTC, 21 August 2019. The hash for the transaction was 0xd25a237e053d06ebe3f33abe28970af39e350e820e680615ef0bb7d12b0b291d and was carried out on the Ethereum blockchain with a transaction fee of 0.00154372 Ether, which is $0.29.
The next tweet informed the community that 2,499,998 USDT worth $2,511,188 was transferred from wallet address 0x564286362092d8e7936f0549571a803b203aaced to wallet address 0xb17a6b2c8821b68809eb87c89eabebdf17f75f3e. The timestamp and the transaction fee for this transaction was same as the aforementioned transaction. Additionally, the hash for the transaction was 0x8d02ae1e8c97eb0cb2798cad9829b313c3cc45f852ea56c4f3410fe4aaa44b1b.
“2,499,998 #USDT (2,481,460 USD) transferred from #Binance to #OKEx”
This transaction took place at 04:10:25 UTC, on 21 August 2019, between the same wallet addresses mentioned before, namely, 0x564286362092d8e7936f0549571a803b203aaced and 0xb17a6b2c8821b68809eb87c89eabebdf17f75f3e. The hash for this transaction was 0x3bd91bef68e7bd76442c14e9898ae6b01da45927879ae77bb012f31f827c79ec and the transaction was carried out with a fee of 0.00154372 Ether.
The last tweet again spoke of a transaction between two wallets from Binance to OKEx, where a total of 2,499,998 USDT worth $2,499,838 was transferred from the wallet address 0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be to wallet address 0xb17a6b2c8821b68809eb87c89eabebdf17f75f3e, which is same as the first tweet. The tweet read,
“2,499,998 #USDT (2,499,838 USD) transferred from #Binance to #OKEx”
The timestamp of the transaction was 05:28:39 AM UTC, 21 August 2019 and the transaction took place with a transaction fee of 0.00154372 Ether. Further, the hash of the transaction was 0xf2ecac3412db071df28dfe2669d5352a3bc362182e41c93a5eabaf0d9945a93a.
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