U.S. law enforcement officials directed Paxos on Saturday to freeze assets previously held on FTX.
Paxos, a regulated blockchain infrastructure platform, froze 11,184.38 PAXG tokens valued at roughly $19 million. The tokens had moved from FTX.com to unknown wallet addresses over the prior 24 hours.
"Earlier today, Paxos received direction from U.S. Federal Law enforcement to freeze Paxos-issued assets associated with four ethereum addresses," Paxos said in a blog post.
Paxos Gold is a gold-backed digital asset issued by Paxos. The asset has a market capitalization of about $525 million, according to CoinGecko data.
The blockchain wallet activity is viewable at the following addresses:
Paxos said it will continue to work closely with law enforcement and regulators. FTX filed for bankruptcy protection on Friday.
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