Tether has frozen 46 million of USDT owned by crypto exchange FTX at the request of law enforcement.
On-chain data shows Tether has frozen a wallet address with 46,360,701 USDT ($46.3 million) on the Tron network. This address reportedly belongs to FTX.
"We are starting to receive requests from LE to temporarily freeze assets while investigation occur," a Tether executive told CoinDesk.
This comes days after FTX stopped withdrawals, citing liquidity issues. FTX CEO Sam Bankman-Fried said today, however, that the exchange has more assets than client deposits.
Disclaimer: The former CEO and majority shareholder of The Block has disclosed a series of loans from former FTX and Alameda founder Sam Bankman-Fried.
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