Huobi Exchange Moves 20 Million Tether (USDT) from Crypto Wallets as Community Tries to ID Transfers

In spite of Tron’s Bitfinex/Tether scandal, where Tether’s stablecoin USDT was allegedly used in manipulating markets, it has remained stable, with large volumes of Tether transactions between the Tether treasury and various crypto exchange platforms.

Two large Tether transactions to and from Houbi, a Chinese crypto exchange, were noted.


The first Tether transfer, done on an Omni Explorer, moved 10 million USDT (worth about $10,004,881) from a cryptocurrency wallet (1FwWBMfwxE9ngQ5DJKHFQsZ1wqpfD1sjpk) to another wallet (1EPDc4Cw4xiqsoWCHnWepfwbqWLcBFamwm). The receiver had a zero USDT balance while the sender had a 22 million USDT balance after the transaction .

On Twitter, @whale_alert tweeted,

“10,000,000 #USDT (10,004,881 USD) transferred from #Binance to #Huobi”

In response to the tweet, Binance‘s CEO, Changpeng Zhao, stated that the transaction was not done on the Binance platform, “wrong label, not our address”.


The second transaction, however done on the Tron blockchain, moved 9,999,999 USDT from wallet A (sender: TNaRAoLUyYEV2uF7GUrzSjRQTU8v5ZJ5VR) to wallet B (receiver: TAyAA1xjZGyjQYP8UHp5qFtRcLgUG2XnPi).

After the transaction ‘wallet A’ had a balance of 61,103 USDT, while ‘wallet B’ had a 16.3 million USDT balance.


Tron, Ethereum’s long standing competition and who in recent times beat Ethereum’s all time high transaction volume, last month started a project for the issuance of USDT as a giveaway on its blockchain (TRX).

However, this project has been indefinitely postponed, due to the current Tether and Bitfinex fiasco.

On Twitter a user, @random_exp, tweeted:

“This is coming from the @TMZ in cryptos of the likes @CryptoChico…”

Another Twitter user, @ISayHowItIs, tweeted

“best CEO ever = @cz_binance and hack just make him stronger and more open to community. Other exchanges CEO’s this is a great example for you how to #BUIDL and even worst happen still exist with huge community support!”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide