News
Tether reportedly puts FTX’s $46M in USDT on ice Tether reportedly puts FTX’s $46M in USDT on ice

Tether reportedly puts FTX’s $46M in USDT on ice

Reports revealed that the seizure was carried out following orders of law enforcement agencies.

Tether reportedly puts FTX’s $46M in USDT on ice

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Tether has reportedly blacklisted $46.27 million worth of USDT belonging to FTX.

Whale alerts reported that an FTXย address with a balance ofย 46.36 million USDT was blacklisted. Coindesk reported that the seizure was carried out on the orders of law enforcement agencies.

According to Coindesk, a Tether executive said:

โ€œWe are starting to receive requests from LE to temporarily freeze assets while investigation occur.โ€

CryptoSlate reported earlier that Tether’s USDT had slightly lost its peg during the early trading hours of Nov. 10. Speculations within the space were that Alameda was shorting the asset in expectation of further drops.

The stablecoin issuer has previously deniedย it hadย exposure to the struggling crypto exchange or Alameda Research

Mentioned in this article
Posted In: , , Stablecoins