Binance $3.9B USDT activity has gained community attention amid DOJ settlement claims
Following reports that the US Department of Justice (DOJ) is negotiating a $4 billion deal, X (formerly Twitter) has shifted its focus to the $3.9 billion Tether (USDT) transaction that has surfaced on social media. Company.
On November 20, Bloomberg reported, citing anonymous sources, that the DOJ has negotiated a settlement with the crypto exchange Binance, requiring the company to pay $4 billion in fines. After payment, the company is allowed to operate in the US while complying with the laws. The report states that this could be announced by the end of November.
In the year On November 9, Binance transferred 3.9 billion USDT from a wallet named “Binance-Cold 2” to a wallet named “Binance 3” on Tron. After the transfer, $300 million (USDT) was transferred to another wallet, leaving about $3.6 billion in “Binance 3”. According to blockchain intelligence firm ChainArgos, this transaction is the eighth largest USDT transaction on the Tron blockchain.
2/ This was the 8th largest $USDT transaction on Tron. pic.twitter.com/RWcbvg2g4D
— ChainArgos (@ChainArgos) November 13, 2023
Following reports of the exchange and the DOJ negotiations, various accounts on social media began speculating about the $3.9 billion transfer.
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Some raised questions about the money, asking where the money came from and whether he was preparing to pay the fine. The transfer and the DOJ report are so close to each other that some X users are trying to connect the dots and find out if there is any connection between the two.
Cointelegraph reached out to Binance but did not receive an immediate response.
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