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Paxos Freezes $19 Million In Crypto Tied to FTX


Paxos claimed that the U.S. Federal Authorities had ordered Paxos to freeze $19 Million in bitcoin related to the insolvent FTX Exchange. U.S. officials and Justice Department officials had already reached out to rival cryptocurrency exchange Binance last Thursday to inquire about FTX transactions. After the meeting, Binance changed its mind.



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