Nightmare FTX – Tether freezes 46.3 million USDT

USDT under pressure – While the dust of thecatastrophic explosion of FTX has not yet fallen, leaving us in the fog, some actors must take emergency measures : the societybankrupt. This is the case of society Tetherissuer of the most valued stablecoins of the dollar, theUSDT. The latter thus had to to block large amounts of its token.

FTX’s USDTs to Secure: Tether Runs

At the time of this writing, the situation of the platform FTX is always so precarious, not to say desperate. Even though some regional subsidiaries of the Sam Bankman-Fried crypto exchange have resumed partial withdrawals for their customers, the overall situation is really not good.

Further evidence of this unease comes from Tether. The issuing group of the stablecoin USDT has been asked by police / justice services to freeze holdings of FTX. These were on a blockchain wallet address tron (TRX). As CoinDesk reports in particular, it would be an amount of 46.3 million USDTor as many US dollars.

“We are starting to receive requests from law enforcement to temporarily freeze assets [de FTX] during the investigation. (…) Although we cannot comment specifically, Tether continues open discussions with law enforcement agencies, including the Department of Justice of the United States, as part of our commitment to cooperation, transparency and accountability. »

Statement of Tether

Even if by some miracle FTX managed – through external saviors/investors – to rectify the situation in purely accounting and financial terms, the platform and its managers are very likely to have accounts to be rendered before the court. One thing is certain: we are not not at the end of our surprises in this resounding case since this night still took place a new twist in our case: FTX would have been the victim of a massive hack at 400 million dollars stolen. Again, very recently, it seems that Tether has blacklisted the culprit addresses. To be continued.

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