Binance KYC Regulations Looks Like Mocked With 6.3 Billion Transfer To Mysterious User

  • Binance coin price is currently seeing a strong upside momentum and can soon see a major breakout. It is up by more than 2.75% in the intraday session
  • Binance has recently observed a transfer of more than 6.3 Billion Dollars in the TRX blockchain. BNB KYC norms date are upto¬† 2021-10-19 00:00 AM (UTC)

Binance has been trying to make its KYC norms stricter for its new and existing users. According to their website the new users are required immediately to meet their KYC norms. Meanwhile, the existing users have been given time upto 2021-10-19 00:00 AM (UTC) to verify their intermediate KYC regulations. If the users fail to do so, their wallet would be seized for all operations. According to them they are trying to prevent money laundering and combat financial crime. The given transactions troll them on their motive.

Binance Sees A Massive Transfer Of 6.3 Billion Dollars 

However, despite their efforts, around 2021-18-10 (07:46 UTC) a Binance user transferred a 6.3billion USDT to an unknown wallet. It is one of the largest transactions ever happened on any crypto platform. The block number of the transaction is 34675742. One can check this transaction on The receiver has then distributed that token to various other small addresses.

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The question here arises is what was the sudden need to do one of the largest transactions in history. One might argue that the reason behind this could be the KYC norms or some other.

It will be interesting to see how the BNB controlates the money laundering once this regulation comes into power.


BNB has been seeing a strong surge in the couple of years which has also led to the increase in money laundering. The recent transaction might be proof of it. 

The other thing to see here is that it only cost mere $10 to transfer $6billion which shows that cryptocurrency is a definitive path of change.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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