$116.6 Million in USDT Moved From Unknown Wallet to Bitfinex

A transfer alert reported that 116,600,000 USDT (Tether’s U.S. dollar-pegged stablecoin), worth about $116,446,638, moved from an unknown wallet to Bitfinex, a cryptocurrency exchange. The source names only the amount, the estimated U.S. dollar value, and the destination exchange. Large stablecoin transfers to exchanges are often monitored because they can reflect treasury operations, liquidity management, or preparations for trading, but the alert itself does not specify the purpose of this transaction.

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