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Tether froze FTX $ 46 million in USDT at the request of the authorities

Posted on September 16, 2022

Tether froze FTX $ 46 million in USDT at the request of the authorities

Tether Limited, on the request of law enforcement agencies, blocked 46 370 701 USDT on the Tron blockchain, owned by FTX cryptocurrency exchange.

“We were ordered to freeze assets for the duration of the investigation”, – commented by Coindesk representatives.

This is the first time that the freezing touched the funds of the cryptocurrency.

The events around the FTX led to a temporary deviation of the USDT exchange rate from parity to the US dollar. On the evening of November 10, the discount of Steabelcoin at the moment reached 3.8%, according to Coingeco.

Technical Director Tether Limited Paolo Ardoino announced the lack of plans to save FTX.

Tether does not have any plans to invest or land money to ftx/alaameda. Full Stop.

– Paolo Ardoino 🍐 (@paoloardoino) november 10, 2022

According to Reuters, Sam Bankman-Fried discussed the raising funds with the founder of Tron Foundation Justin San, as well as with the management of Sequoia Capital, OkX and Tether Limited.

The agency reported that the hole in the balance sheet is $ 9.4 billion, which is higher than $ 8 billion, which appeared in Bloomberg and WSJ.

https://gagarin.news/

According to Axios, FTX also turned to Kraken, but the negotiations ended to no avail.

Recall, on November 10, Binance refused to acquire a competitor. The company said they could not solve the problems that have arisen from the platform.

Bankman-Fried later assured that the value of the exchange assets exceeds customer deposits.

Earlier, Sequoia Capital recognized the loss of $ 213.5 million on investments in crypto platform.

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