Crypto group members on X (previously Twitter) have turned their focus to a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media following reviews claiming the USA Division of Justice (DOJ) is negotiating a $4 billion settlement with the corporate.
On Nov. 20, a Bloomberg report citing nameless sources stated the DOJ is negotiating an agreement with crypto trade Binance requiring the corporate to pay $4 billion in fines. As soon as paid, the agency might be allowed to function within the U.S. whereas complying with its legal guidelines. The report acknowledged this could possibly be introduced as quickly as the tip of November.
On Nov. 9, Binance transferred 3.9 billion USDT from its pockets referred to as “Binance-Chilly 2” on Tron to its pockets labeled “Binance 3.” After the switch, 300 million USDT was transferred to a different pockets, leaving round $3.6 billion in “Binance 3.” In accordance with blockchain intelligence agency ChainArgos, this transaction is the eighth-largest USDT transaction on the Tron blockchain.
2/ This was the eighth greatest all time $USDT transaction on Tron. pic.twitter.com/RWcbvg2g4D
— ChainArgos (@ChainArgos) November 13, 2023
Following the report on the negotiations between the trade and the DOJ, varied accounts on social media began speculating in regards to the $3.9 billion switch.
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Some raised questions in regards to the funds, inquiring about the place the cash got here from and if it was in preparation to pay the fines. With the switch and the DOJ report being very shut to one another, some Twitter customers try to connect the dots and work out if there are any connections between the 2.
Cointelegraph reached out to Binance however didn’t get a right away response.
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