Tether Freezes More Than $46M of USDT FTX
Tether appears to have begun freezing USDT funds belonging FTX.
Key TakeawaysTether is enforcing USDT wallets of FTX.
So far, at least 46,360,000.701 USDT have been blacklisted.
Tether is said to have the ability to freeze funds upon request from law enforcement.
Share this article FTX is currently under investigation. FTX is one the most prominent cryptocurrency exchanges in the globe. FTX is one of the most prominent cryptocurrency exchanges in the world. However, there are questions about the solvency and financial health of Alameda Research, an affiliate quant trading firm. FTX was forced to halt withdrawals on Tuesday, as Binance sought external help to plug the growing hole in its balance sheets. Binance announced yesterday that it would acquire FTX to ensure customers were made whole. However, Binance pulled out of the deal yesterday due to concerns about FTX’s misuse of client funds. While still unconfirmed, rumors are circulating that FTX may have used customer funds to shore up Alameda Research liquidity in May or June following the brutal market downturn caused by the Terra crash, Three Arrows Capital wipeout, and subsequent contagion across the crypto industry.This is a developing situation.Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.Share this articleThe information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News