The 520 million USDT transfer last night was organized by Binance’s internal wallet

According to Arkham monitoring, the address that transferred more than 520 million USDT last night is not an unknown wallet, but rather the hot wallet of Binance. These USDT transfers are part of Binance's internal wallet management, transferred from the Binance hot wallet to the cold wallet. Earlier reports stated that at 21:23:42 on October 28th, Beijing time, 520,253,676 USDT worth $520,663,700 was transferred from an unknown wallet to Binance on the Tron chain, according to Whale Alert monitoring.