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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h271">The Enormous Transactions Proved Invalid</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h383">Large USDC Token Burns</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    On Saturday, January 11, the Whale Alert Twitter account informed the community about a USDT transaction over 1 bln coins sent between unknown wallets.
    
    The Enormous&nbsp;Transactions Proved Invalid
    
    However, later on, it proved to be invalid. Now, the account tweets that it detected several invalid fund moves like that but decided not to display them, so as not to disturb the community in vain.
    
    <blockquote class="twitter-tweet">
    ℹ️ Someone is currently pushing a lot of invalid large transactions on <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw">#Tether</a> for unknown reasons and unfortunately our checks were not able to pick them all up. We have fixed the problem.
    — Whale Alert (@whale_alert) <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert/status/1215935824392523776?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    The tweet displaying the transaction of over 1 bln Tether has been removed.
    
    <blockquote class="twitter-tweet">
    Yes I saw it was 1bn+ it is true?
    — Lucky ?? (@lucky_s92) <a rel="nofollow" target="_blank" href="https://twitter.com/lucky_s92/status/1215936317864828929?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    The community wonders why this&nbsp;is happening, offering&nbsp;various explanations that are far from serious – from a BSV pump to a 51 percent attack on Tether.
    
    <blockquote class="twitter-tweet">
    If you wanted to pump the entire market with Tether to halt the BSV pump, it would make sense to issue large invalid tx to mess up the data sets of analysts who could detemine that’s exactly what you were doing.
    — tom craz (@craz_tom) <a rel="nofollow" target="_blank" href="https://twitter.com/craz_tom/status/1215939081663705088?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    On Friday evening, the BSV price demonstrated a <a rel="nofollow" target="_blank" href="#">surge by 32 percent</a>. Then, according to CoinMarketCap, BSV&nbsp;kept rising until today it has grown by 41 percent.&nbsp;
    Image via CoinMarketCap
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Large USDC Token Burns
    
    If we look at another USD-backed stablecoin, Whale Alert has recently reported&nbsp;several large USDC transactions after which those stashes&nbsp;were burned in The&nbsp;Incinerator.
    Image via Twitter
    Token burning is usually done to reduce the number of coins in circulation, which is likely to make them more scarce and push the&nbsp;price upwards. However, prior to these USDC incinerations, the largest crypto exchange <a rel="nofollow" target="_blank" href="https://www.binance.com/en/support/articles/360038120032">Binance delisted USDC</a> trading pairs as the&nbsp;trading volume was too low.
    
    <blockquote class="twitter-tweet">
    Nothing personal, just low liquidity. No one’s trading it. <a rel="nofollow" target="_blank" href="https://t.co/zQqkzy1nt0">https://t.co/zQqkzy1nt0</a>
    — CZ Binance (@cz_binance) <a rel="nofollow" target="_blank" href="https://twitter.com/cz_binance/status/1214220159818158081?ref_src=twsrc%5Etfw">January 6, 2020</a></blockquote>
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h271">The Enormous Transactions Proved Invalid</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h383">Large USDC Token Burns</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    On Saturday, January 11, the Whale Alert Twitter account informed the community about a USDT transaction over 1 bln coins sent between unknown wallets.
    
    The Enormous&nbsp;Transactions Proved Invalid
    
    However, later on, it proved to be invalid. Now, the account tweets that it detected several invalid fund moves like that but decided not to display them, so as not to disturb the community in vain.
    
    <blockquote class="twitter-tweet">
    ℹ️ Someone is currently pushing a lot of invalid large transactions on <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw">#Tether</a> for unknown reasons and unfortunately our checks were not able to pick them all up. We have fixed the problem.
    — Whale Alert (@whale_alert) <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert/status/1215935824392523776?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    The tweet displaying the transaction of over 1 bln Tether has been removed.
    
    <blockquote class="twitter-tweet">
    Yes I saw it was 1bn+ it is true?
    — Lucky ?? (@lucky_s92) <a rel="nofollow" target="_blank" href="https://twitter.com/lucky_s92/status/1215936317864828929?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    The community wonders why this&nbsp;is happening, offering&nbsp;various explanations that are far from serious – from a BSV pump to a 51 percent attack on Tether.
    
    <blockquote class="twitter-tweet">
    If you wanted to pump the entire market with Tether to halt the BSV pump, it would make sense to issue large invalid tx to mess up the data sets of analysts who could detemine that’s exactly what you were doing.
    — tom craz (@craz_tom) <a rel="nofollow" target="_blank" href="https://twitter.com/craz_tom/status/1215939081663705088?ref_src=twsrc%5Etfw">January 11, 2020</a></blockquote>
    
    
    On Friday evening, the BSV price demonstrated a <a rel="nofollow" target="_blank" href="#">surge by 32 percent</a>. Then, according to CoinMarketCap, BSV&nbsp;kept rising until today it has grown by 41 percent.&nbsp;
    Image via CoinMarketCap
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Large USDC Token Burns
    
    If we look at another USD-backed stablecoin, Whale Alert has recently reported&nbsp;several large USDC transactions after which those stashes&nbsp;were burned in The&nbsp;Incinerator.
    Image via Twitter
    Token burning is usually done to reduce the number of coins in circulation, which is likely to make them more scarce and push the&nbsp;price upwards. However, prior to these USDC incinerations, the largest crypto exchange <a rel="nofollow" target="_blank" href="https://www.binance.com/en/support/articles/360038120032">Binance delisted USDC</a> trading pairs as the&nbsp;trading volume was too low.
    
    <blockquote class="twitter-tweet">
    Nothing personal, just low liquidity. No one’s trading it. <a rel="nofollow" target="_blank" href="https://t.co/zQqkzy1nt0">https://t.co/zQqkzy1nt0</a>
    — CZ Binance (@cz_binance) <a rel="nofollow" target="_blank" href="https://twitter.com/cz_binance/status/1214220159818158081?ref_src=twsrc%5Etfw">January 6, 2020</a></blockquote>
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1 Bln Tether in One Go – Massive Invalid USDT Transactions Spotted by Whale Alert

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Sat, 11/01/2020 - 11:41
1 Bln Tether in One Go – Massive Invalid USDT Transactions Spotted by Whale Alert
Cover image via 123rf.com
Read U.TODAY on
Google News
Contents
Advertisement

On Saturday, January 11, the Whale Alert Twitter account informed the community about a USDT transaction over 1 bln coins sent between unknown wallets.

The Enormous Transactions Proved Invalid

However, later on, it proved to be invalid. Now, the account tweets that it detected several invalid fund moves like that but decided not to display them, so as not to disturb the community in vain.

The tweet displaying the transaction of over 1 bln Tether has been removed.

The community wonders why this is happening, offering various explanations that are far from serious – from a BSV pump to a 51 percent attack on Tether.

On Friday evening, the BSV price demonstrated a surge by 32 percent. Then, according to CoinMarketCap, BSV kept rising until today it has grown by 41 percent. 

BSV price CMC
Image via CoinMarketCap

card

Large USDC Token Burns

If we look at another USD-backed stablecoin, Whale Alert has recently reported several large USDC transactions after which those stashes were burned in The Incinerator.

USDC burned
Image via Twitter

Token burning is usually done to reduce the number of coins in circulation, which is likely to make them more scarce and push the price upwards. However, prior to these USDC incinerations, the largest crypto exchange Binance delisted USDC trading pairs as the trading volume was too low.

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