Cumberland Deposits 14.2 Million USDT to Centralized Exchanges
CryptoNewsTerminal Staff20 Sep, 2024
Cumberland Deposits 14.2 Million USDT to Centralized Exchanges
Cumberland, a high-volume cryptocurrency trading firm, has allegedly moved 97 million USDT from the Tether Treasury to centralized exchanges, according to data from Arkham Intelligence. The data revealed that Cumberland transferred 10 million USDT to OKX and 4.2 million USDT to Kraken within the past 5 minutes. The purpose of these transactions remains unclear.