Tether Froze FTX’s $46 Million USDT

According to the statement, following a request from law enforcement officials on developments regarding FTX, Tether announced that it had frozen $46 million USDT on the Tron blockchain.

“We have started receiving requests from law enforcement to temporarily freeze assets while the FTX investigation continues,” a Tether executive said in a statement. Whale Alert, which follows large transfers in the crypto money market, announced this transaction as follows.

“An address with a balance of 46,360,701 #USDT (46,274.472 USD) has just been frozen!”

The largest stablecoin Tether USD (USDT) was also affected by the crypto collapse caused by the FTX bankruptcy and lost its fixation to $1. Tether, which lost its fixation on the dollar, received support from Tron DAO Reserve, and Tron DAO announced that they received 1 billion dollars USDT.