Major Crypto Move: $2.8 B USDT Recipient Transfers Tether to Exchanges

In a recent development reported by Arkham Intelligence, Cumberland, a prominent crypto trading firm and market maker, has executed significant transactions involving Tethers stablecoin USDT. Within the last 24 hours, Cumberland deposited a substantial amount, estimated to be up to $120 million, into major cryptocurrency exchanges such as Coinbase, OKX, and Kraken. Concurrently, Tethers treasury transferred at least $155 million to Cumberland during the same period. Speculators Ponder on Potential Motives The motive behind these sizable transactions remains mysterious, leaving room...

source: https://tokenpost.com/Major-Crypto-Move-28-B-USDT-Recipient-Transfers-Tether-to-Exchanges-11051

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