{"id":65047,"date":"2023-11-21T08:59:53","date_gmt":"2023-11-21T12:59:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=65047"},"modified":"2023-11-21T09:02:55","modified_gmt":"2023-11-21T13:02:55","slug":"3-9b-usdt-transfer-on-binance-draws-community-attention","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/3-9b-usdt-transfer-on-binance-draws-community-attention\/","title":{"rendered":"$3.9B USDT Transfer on Binance Draws Community Attention"},"content":{"rendered":"\n

Social media users within the cryptocurrency community have shifted their attention to a $3.9 billion Tether transaction between Binance wallets <\/a>after reports indicating that the US Department of Justice (DOJ) is negotiating a $4 billion settlement with the company.<\/p>\n\n\n\n

\"$3.9B
$3.9B USDT Transfer on Binance Draws Community Attention<\/figcaption><\/figure>\n\n\n\n

The Justice Department is reportedly negotiating with cryptocurrency exchange Binance over a $4 billion sanction agreement, according to a November 20 Bloomberg report that cited anonymous sources. <\/p>\n\n\n\n

The firm will be granted permission to operate within the United States, provided that it complies with its laws, upon receipt of payment. According to the report, this information could be made public by the end of November.<\/p>\n\n\n\n

Binance shifted 3.9 billion USDT on November 9 from its wallet labeled “Binance-Cold 2” on Tron to its wallet labeled “Binance 3.” Approximately $3.6 billion remained in “Binance 3” following the transfer of 300 million USDT to an alternative wallet<\/a>. <\/p>\n\n\n\n

As reported by ChainArgos, a blockchain intelligence firm, this transaction ranks as the eighth most substantial USDT transaction to cross the Tron blockchain.<\/p>\n\n\n\n

\n

Binance moved $3.9 billion $USDT\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> from its cold to hot wallets a few days ago.https:\/\/t.co\/AY4gS9wlIS<\/use><\/svg><\/span><\/a> pic.twitter.com\/QnnWKwChsC<\/use><\/svg><\/span><\/a><\/p>— ChainArgos (@ChainArgos) November 13, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

As a result of the report on the exchange and U.S. Justice Department negotiations, numerous social media accounts began to speculate regarding the $3.9 billion transfer.<\/p>\n\n\n\n

Others inquired about the source of the funds and whether or not they were being used in anticipation of paying the penalties. <\/p>\n\n\n\n

Given the proximity between the timing of the transfer and the release of the Justice Department<\/use><\/svg><\/span><\/a> report, certain Twitter users are endeavoring to establish potential correlations between the two by connecting the dots.<\/p>\n","protected":false},"excerpt":{"rendered":"

Social media users within the cryptocurrency community have shifted their attention to a $3.9 billion Tether transaction between Binance wallets after reports indicating that the US Department of Justice (DOJ) is negotiating a $4 billion settlement with the company. The Justice Department is reportedly negotiating with cryptocurrency exchange Binance over a $4 billion sanction agreement, […]<\/p>\n","protected":false},"author":12,"featured_media":49389,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[834],"tags":[326,14256,2061],"class_list":["post-65047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance","tag-binance","tag-us-doj-2","tag-usdt"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/image-24.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=65047"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/65047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49389"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=65047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=65047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=65047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}