Cointelegraph reports that WhaleAlert, a blockchain data tracking service, detected around 2:53 PM Beijing time today, Tether Treasury transferring 60,000,000 USDT (approximately $60,098,999) to Bitfinex. This large-scale transfer has attracted market attention, although there is no direct source of information. The transparency of the on-chain data provides investors with real-time market dynamics. This event once again highlights the close relationship between the flow of funds between cryptocurrency exchanges and stablecoin issuers, and reminds users to pay attention to the asset security and liquidity situation of the trading platform.