Bitfinex Concerns Persist as Tether (USDT), Bitcoin (BTC) Wallets Keep Fluctuating

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 Bitfinex Concerns Persist as Tether (USDT), Bitcoin (BTC) Wallets Keep Fluctuating Bitfinex Concerns Persist as Tether (USDT), Bitcoin (BTC) Wallets Keep Fluctuating

The Bitfinex exchange continues to rouse concerns, with its wallets showing an inflow of Tether (USDT) and outflows of Bitcoin (BTC). The latest 3,000 BTC left the cold wallet on October 12, with the number of USDT expanding at the same time to more than 251 million, up from 144 million on the previous day.

In the past few days, Bitfinex has seen large fluctuations in its USDT wallet, while the cold wallet storage reached levels from October last year at around 138,000 BTC.

There are transaction traces showing the movement of some of the USDT through private wallets into Bittrex and other exchanges.

In the past hour, a large

This article appeared first on Cryptovest

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