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Binance Reportedly Moves $3.9B In Tether Ahead Of Major DOJ Settlement

Benzinga ·  11/23/2023 12:30

Cryptocurrency exchange Binance has moved $3.9 billion in Tether (CRYPTO: USDT) from its cold wallet just before settling with the Department of Justice (DOJ).What Happened: According to a Decrypt report on Tuesday, this transfer took place just days prior to Binance and its CEO finalizing a $4.3 billion settlement with the DOJ over allegations of money laundering.The $3.9 billion transaction was carried out on November 9, with funds being moved from one Binance cold wallet to another. The exact purpose of these funds, whether they will be used to pay the U.S. government's fine or be converted into U.S

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