Binance cold wallet sent $3.9 billion worth of USDT days before guilty plea

Binance sent $3.9 billion worth of stablecoins from one of its cold wallets to a separate Binance wallet days before the announcement of a settlement on US federal charges amounting to over $4.3 billion. 

On-chain data from TronScan shows that a multi-billion dollar transaction was completed on Nov. 9 from a wallet labeled ‘Binance-Cold 2’ to a wallet labeled ‘Binance 3’.

The ‘Binance 3’ address, created in August 2022, currently holds $3.6 billion worth of assets, with the majority of it being tether (USDT). At the time of writing, it has a lifetime transaction count of only 338.

A majority of the 88.3 billion USDT currently in circulation has been issued on Tron, about…

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