Report: Tether freezes $46 million of FTX's USDT on the Tron blockchain, setting a new precedent
Tether has so far only frozen USDT funds held in private wallets at the request of law enforcement.< /p>
Recent news
According to blockchain transaction data provided by WhaleAlert.io on November 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) held by struggling cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes a day after the U.S. Securities and Exchange Commission and the U.S. Department of Justice began investigating FTX over its liquidity crisis.
A spokesperson for Tether said on Oct. 11 that the company only freezes private wallets when it receives a legitimate request from a verified law enforcement officer to do so and that "we don't not freeze exchange or service wallets". If confirmed, the freeze imposed on FTX's portfolio would be the first of its kind. On the same day, Japanese authorities ordered FTX to halt operations in the country after the exchange halted withdrawals.
This is news in development and will be updated accordingly.
Tether has so far only frozen USDT funds held in private wallets at the request of law enforcement.< /p>
Recent news
According to blockchain transaction data provided by WhaleAlert.io on November 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) held by struggling cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes a day after the U.S. Securities and Exchange Commission and the U.S. Department of Justice began investigating FTX over its liquidity crisis.
A spokesperson for Tether said on Oct. 11 that the company only freezes private wallets when it receives a legitimate request from a verified law enforcement officer to do so and that "we don't not freeze exchange or service wallets". If confirmed, the freeze imposed on FTX's portfolio would be the first of its kind. On the same day, Japanese authorities ordered FTX to halt operations in the country after the exchange halted withdrawals.
This is news in development and will be updated accordingly.
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