Over $110 Million in USDT Transferred to Ceffu from Unknown Wallet

A large Tether (USDT) transaction totaling approximately $109.9 million was moved to the crypto custody platform Ceffu from an unidentified source wallet.

USDT

Summary

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Terms & Concepts
  • USDT (Tether): A stablecoin pegged to the U.S. dollar, widely used for trading and transfers in the cryptocurrency market.
  • Ceffu: A cryptocurrency custody and asset management platform that provides secure storage and transfer services for digital assets.
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset like the U.S. dollar.