03:21 Saturday , August 04th 2018

At 16:35 (UTC) on August 3rd, a massive transaction of 50 million USDT was made by Tether Treasury to a wallet address, which believed to be under the control of Bitfinex. About 10 minutes following the whale order, CoinMarketCap published a Twitter apologizing for a glitch which caused some prices to be artificially inflated due to a price calculation error on Tether. At 17:55 the same day, the aforementioned Bitfinex wallet sent back 30 million USDT to Tether Treasury.