Cumberland Transfers $320M USDT to Crypto Exchanges

8/16/2024 2:15:24 AM

According to Spot On Chain, Cumberland has transferred an additional $320 million USDT from Tether Treasury to centralized exchanges (CEXs) over the past two days. Since August 5, Cumberland has received $1.28 billion USDT from Tether on Ethereum and subsequently sent $1.23 billion USDT to various exchanges. The top three exchanges receiving these funds include Coinbase with $639.6 million, Kraken with $288.5 million, and an unnamed third exchange. (Source)

USDT Coinbase Kraken Cumberland Tether Treasury

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