{"id":69910,"date":"2022-11-11T11:47:22","date_gmt":"2022-11-11T09:47:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69910"},"modified":"2025-09-07T22:50:02","modified_gmt":"2025-09-07T19:50:02","slug":"tether-freezes-46-37-million-usdt-held-for-ftx-at-authorities-request","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tether-freezes-46-37-million-usdt-held-for-ftx-at-authorities-request\/","title":{"rendered":"Tether freezes 46.37 million USDT held for FTX at authorities&#8217; request"},"content":{"rendered":"<p>Tether Limited, at the request of law enforcement authorities<a href=\"https:\/\/whale-alert.io\/transaction\/tron\/ab9ad4b118ab3de9fd7b0117ebd167c9950418905436bb7fc30f49adb4f59ce7\">frozen<\/a> 46,370,701 USDT on the Tron blockchain,<a href=\"https:\/\/tronscan.org\/#\/address\/TYDzsYUEpvnYmQk4zGP9sWWcTEd2MiAtW6\">belonging<\/a> to the cryptocurrency exchange FTX.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe were ordered to freeze the assets for the duration of the investigation,\u201d<\/em> \u2014 commented <a href=\"https:\/\/www.coindesk.com\/business\/2022\/11\/10\/tether-freezes-46m-of-usdt-following-law-enforcement-request\/\">CoinDesk<\/a> representatives of the stablecoin issuer.<\/p>\n<\/blockquote>\n<p>This is the first instance of a freeze affecting the funds of a crypto exchange.<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/ftx-token-falls-nearly-30\">Events around FTX<\/a> led to a temporary deviation of USDT&#8217;s price from parity with the U.S. dollar. By the evening of November 10, the intraday discount of the stablecoin reached 3.8%, according to<a href=\"https:\/\/www.coingecko.com\/en\/coins\/tether\"> CoinGecko<\/a>.<\/p>\n<p>Chief technology officer Paolo Ardoino said there were no plans to bail out FTX.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether does not have any plans to invest or lend money to FTX\/Alameda. Full stop.<\/p>\n<p>\u2014 Paolo Ardoino \ud83c\udf50 (@paoloardoino) <a href=\"https:\/\/twitter.com\/paoloardoino\/status\/1590772281567215616?ref_src=twsrc%5Etfw\">November 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Reuters, Sam Bankman-Fried discussed raising funds with Tron Foundation founder Justin Sun, as well as with the leadership of Sequoia Capital, OKX, and Tether Limited.<\/p>\n<p>The agency said that a &#8216;hole&#8217; in the balance sheet amounts to $9.4 billion, higher than the $8 billion cited by<a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-and-wsj-report-an-8-billion-hole-in-ftx-balance-sheet\"> Bloomberg and the WSJ<\/a>.<\/p>\n<p>According to Axios, FTX also approached Kraken, but talks ended without result.<\/p>\n<p>Earlier, on 10 November Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-abandons-bid-for-ftx-justin-sun-says-he-will-help-find-a-solution\">declined to acquire a competitor<\/a>. The company said it would not be able to resolve the problems facing the platform.<\/p>\n<p>Later, Bankman-Fried <a href=\"https:\/\/u1f987.com\/en\/news\/bankman-fried-ftx-assets-exceed-customer-deposits\">stated<\/a> that the exchange&#8217;s asset value exceeds customer deposits.<\/p>\n<p>Earlier, Sequoia Capital<a href=\"https:\/\/u1f987.com\/en\/news\/sequoia-capital-records-213-5-million-loss-on-ftx-investments\"> acknowledged a loss of $213.5 million<\/a> on investments in a crypto platform.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\u201d\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tether Limited, at the request of law enforcement authorities, froze 46,370,701 USDT on the Tron blockchain belonging to the cryptocurrency exchange FTX.<\/p>\n","protected":false},"author":1,"featured_media":69911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1412,1236,1245],"class_list":["post-69910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bans-and-restrictions","tag-ftx","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69910"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69910\/revisions"}],"predecessor-version":[{"id":69912,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69910\/revisions\/69912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69911"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}