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!”

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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