A recent $3.9 billion USDT transaction between Binance wallets has captured the attention of the crypto community on X (formerly Twitter), coinciding with reports suggesting that the United States Department of Justice (DOJ) is in negotiations for a $4 billion settlement with the exchange.
According to a Bloomberg report on November 20, citing anonymous sources, the DOJ is allegedly in talks with Binance, proposing a $4 billion settlement. The potential agreement would allow Binance to continue its operations in the U.S. while complying with regulatory requirements. The report anticipated that an official announcement could be made by the end of November.
On November 9, Binance executed a significant USDT transfer, moving 3.9 billion USDT from its “Binance-Cold 2” wallet on the Tron blockchain to its “Binance 3” wallet. Subsequently, 300 million USDT was further transferred to another wallet, leaving approximately $3.6 billion in the “Binance 3” wallet. ChainArgos, a blockchain intelligence firm, identified this transaction as the eighth-largest USDT transfer on the Tron blockchain.
Following the report of DOJ negotiations and the substantial USDT transfer, speculation within the crypto community has intensified. Questions have been raised about the origin of the funds and whether the transaction is linked to potential preparations for paying fines associated with the reported settlement. Community members on X are attempting to connect the dots and ascertain any potential connections between the $3.9 billion transfer and the DOJ settlement claims.
The convergence of these events has fueled speculation and discussions within the crypto community, with social media users actively engaging in conversations about the potential implications of Binance’s USDT transfer in light of the reported settlement negotiations with the DOJ.