613 million USDT transferred from Binance to unknown wallet

On October 30, according to Whale Alert, at 04:23 Beijing Time, a total of 612,729,468 USDT was transferred out of Binance to an unknown wallet, valued at approximately $612 million based on the transaction price.

The receiving address currently lacks a public label, so the sender's identity and the purpose of the funds cannot be confirmed at this time. Large stablecoin withdrawals from exchanges may be related to institutional cash-outs, OTC transactions, or internal exchange wallet adjustments; specific details still require further on-chain tracking.

previously reported that earlier today, Whale Alert also detected Tether transferring 500 million USDT to Binance.