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Ezra Reguerra11 hours agoBinance $3.9B USDT move gains community attention amid DOJ settlement claimsBinance transferred $3.9 billion in USDT between its wallets, days before a report about a $4 billion settlement with the United States Justice Department was published.4107 Total views28 Total sharesListen to article 0:00NewsJoin us on social networksCrypto community members on X (formerly Twitter) have turned their focus to a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media following reports claiming the United States Department of Justice (DOJ) is negotiating a $4 billion settlement with the company. 


On Nov. 20, a Bloomberg report citing anonymous sources said the DOJ is negotiating an agreement with crypto exchange Binance requiring the company to pay $4 billion in fines. Once paid, the firm will be allowed to operate in the U.S. while complying with its laws. The report stated this could be announced as soon as the end of November.


On Nov. 9, Binance transferred 3.9 billion USDT from its wallet called “Binance-Cold 2” on Tron to its wallet labeled “Binance 3.” After the transfer, 300 million USDT was transferred to another wallet, leaving around $3.6 billion in “Binance 3.” According to blockchain intelligence firm ChainArgos, this transaction is the eighth-largest USDT transaction on the Tron blockchain.2/ This was the 8th biggest all time $USDT transaction on Tron. pic.twitter.com/RWcbvg2g4D— ChainArgos (@ChainArgos) November 13, 2023


Following the report on the negotiations between the exchange and the DOJ, various accounts on social media started speculating about the $3.9 billion transfer. 


Related:CZ, Buterin, Dorsey top crypto social media popularity charts as SBF clings to 10th place


Some raised questions about the funds, inquiring about where the money came from and if it was in preparation to pay the fines. With the transfer and the DOJ report being very close to each other, some X users are trying to connect the dots and figure out if there are any connections between the two.


Cointelegraph reached out to Binance but did not get an immediate response.


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