The curious movements of Tether (USDT) throughout wallets is raising more red flags, especially after more than 110 million USDT exited Bitfinex overnight. Bitfinex had become the second-richest USDT wallet, with more than 259 million USDT. But as of October 10, the exchange saw its chief USDT wallet shrink to 143 million USDT.

Now, the Tether Treasury is the second-biggest wallet after Binance, with more than 286 million USDT.

At the same time, selling of USDT remains active on Kraken, as an indicator of attempts to move out into fiat. USDT sank toward $0.98 in about an hour, at around 13:30 UTC on Wednesday. The K…

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