Tether Blacklists $31.4 Million Over Alleged FTX Hack, Musk Responds

Billionaire entrepreneur Elon Musk, who recently bought Twitter in hopes of unlocking the platform's full potential, acknowledged Twitter's contribution to monitoring FTX developments in real time.

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On the night of November 11, multiple FTX-linked wallet addresses were found transferring millions of dollars worth of cryptocurrency without official notice, sparking speculation ranging from the initiation of bankruptcy of FTX to the involvement of hackers. Within hours, FTX confirmed on Telegram that the money transfers were part of an ongoing hack.

FTX Telegram admin confirms to have been pirate. Source: Telegram

Following FTX's confirmation on Telegram about the hack, as noted above, Tether proactively blacklisted $31.4 million worth of USDT tokens linked to transactions. As blockchain investigator ZachXBT pointed out, the blacklisted USDT tokens consisted of $3.9 million USDT on Avalanche (AVAX) and $27.5 million USDT on Solana (SOL).< /p>

FTX meltdown/ransack real-time Twitter tracking

— Elon Musk (@elonmusk) November 12, 2022

Billionaire entrepreneur Elon Musk, who recently bought Twitter in hopes of unleashing the platform's full potential, credited Twitter for keeping track of FTX developments in real time.

Elon Musk is interested in FTX CEO Sam Bankman...