Tether blacklists FTX’s wallet with 46 million USDT on the TRON network
Earlier, information appeared on the web that Alameda Research, the company associated with FTX, is trying to short the asset
10.11.2022 - 15:45
538
2 min
0
What’s new? According to Whale Alert, on November 10, 14:11 UTC, a wallet belonging to the FTX crypto exchange was blacklisted by Tether (the issuer of the USDT stablecoin). At the time of the freeze, the wallet had 46,36 million USDT on the TRON blockchain.
❄ An address with a balance of 46,360,701 #USDT (46,274,472 USD) has just been frozen!https://t.co/W958MBbhA9 — Whale Alert (@whale_alert) November 10, 2022
More details on the situation. After the collapse of FTX, rumors surfaced online that Alameda Research, affiliated with the exchange’s head Sam Bankman-Fried, decided to crash the market by shorting USDT.
A Twitter user found transactions that he believes indicate that Alameda was involved in the loss of USDT’s peg to the dollar. Amid the rumors, the TRON DAO Reserve announced its intention to buy 300 million USDT from the market to maintain the stability of the asset.
According to one of Tether’s executives, the company began receiving requests from law enforcement agencies to temporarily freeze assets while they investigate.
For what led to the lightning-fast collapse of the FTX exchange and how events will develop further, read the GetBlock Magazine’s article.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 378
BTC
+4.05%
-
Ethereum
$3 334.78
ETH
+8.57%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.37
XRP
+22.59%
-
Dogecoin
$0.384453
DOGE
+1.4%
-
Cardano
$0.873761
ADA
+11.29%
-
Bitcoin Cash
$490.41
BCH
+10.98%
-
Polkadot
$6.16
DOT
+8.48%
-
Stellar XLM
$0.282302
XLM
+15.89%
-
Litecoin
$90.89
LTC
+8.22%