Tether freezes 46.3 million USDT owned by FTX at request of law enforcement
UPDATED: November 10, 2022, 9:48AM EST

Quick Take
- Tether has frozen 46 million of USDT owned by crypto exchange FTX.
- This comes as a result of a request from law enforcement.
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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.

