Cumberland received 270 million USDT from Tether Treasury in the past 24 hours and transferred it to CEX

According to BlockBeats, on August 9, according to Spot On Chain monitoring, the wallet 0x1db (possibly Cumberland) received 270 million USDT from Tether Treasury in the past 24 hours and transferred it to CEX.

After the market fell on August 5, the wallet received 660 million USDT from Tether and then transferred 607.3 million USDT to various exchanges, including:

333 million USDT transferred to Coinbase

118.5 million USDT transferred to Kraken

72.4 million USDT transferred to Binance

51.5 million USDT transferred to OKX

32 million USDT transferred to Bullish