TechFlow news, according to Spot On Chain monitoring, as the market rebounded, an address starting with 0x1db (possibly a Cumberland address) received 270 million USDT from Tether Treasury and transferred them to CEXs within the past 24 hours.
Following the market downturn on August 5, this wallet received 660 million USDT from Tether and subsequently deposited 607.3 million USDT into various exchanges, including:
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333 million USDT to Coinbase;
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118.5 million USDT to Kraken;
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72.4 million USDT to Binance;
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51.5 million USDT to OKX;
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32 million USDT to Bullish.




