Tether Freezes FTX’s $46M Worth Of USDT Assets

HomeCrypto exchanges
Share this article
Subscribe for weekly updates
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Brock Pierce; Photo Source: Juneau Empire
Tether said, “We are starting to receive requests from LE to temporarily freeze assets while an investigation occurs.”

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Currently, FTX is under investigation by several US regulators; the exchange is being probed by US DOJ, SEC, and CFTC for mishandling clients’ funds. 

In particular, the SEC has had an ongoing probe into FTX for the past few months that expanded after the platform came under threat of bankruptcy. Alameda Research and FTX US are also under inquiry by the CFTC and the SEC over the same accusations.

Moreover, Texas regulators have recently launched probes into FTX and Sam Bankman-Fried for violating the Securities Law.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Tether, however, has not disclosed the name of the law enforcement agency.

Earlier today, the USDT temporarily dropped its $1 peg and fell to 97 cents after Binance pulled out of the FTX acquisition deal. USDT has since regained its 1:1 peg with USD.

Written by
Ayush Pande
Tether said, “We are starting to receive requests from LE to temporarily freeze assets while an investigation occurs.”

Tether has frozen FTX’s USD Tether (USDT) balance following instructions from law enforcement authorities. 

Currently, FTX is under investigation by several US regulators; the exchange is being probed by US DOJ, SEC, and CFTC for mishandling clients’ funds. 

In particular, the SEC has had an ongoing probe into FTX for the past few months that expanded after the platform came under threat of bankruptcy. Alameda Research and FTX US are also under inquiry by the CFTC and the SEC over the same accusations.

Moreover, Texas regulators have recently launched probes into FTX and Sam Bankman-Fried for violating the Securities Law.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Tether, however, has not disclosed the name of the law enforcement agency.

Earlier today, the USDT temporarily dropped its $1 peg and fell to 97 cents after Binance pulled out of the FTX acquisition deal. USDT has since regained its 1:1 peg with USD.

Written by
Ayush Pande