Report: Tether freezes $46M of FTX's USDT, setting new precedent

If confirmed, the freeze imposed against FTX's wallet would be the first of its kind.

by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis.on Oct.

“Amid rumors of insolvency at crypto exchange FTX and worries about the financial conditions of Alameda Research, we would like to first and foremost, act as a mouthpiece for the entire crypto ecosystem and reiterate that one crisis does not make an industry."that Tether held USDT exposure to the ailing exchange, the spokesperson reiterated that Tether has no credit towards FTX nor its affiliate trading firm Alameda Research.

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