US federal law enforcement has required Paxos to freeze assets associated with four Ethereum addresses.
UPDATE: Paxos, at the direction of US Federal Law enforcement, froze 11,184.38 PAXG tokens valued at ~$19M. These tokens were on FTX and moved to unknown addresses in the last 24hrs. This is rapidly evolving. https://t.co/bJdAsrNrH3
— Paxos (@PaxosGlobal) November 12, 2022
“As requested, Paxos has frozen 11,184.38 PAXG worth approximately $19 million. These tokens were previously on the FTX.com platform and moved to unknown addresses within the previous 24 hours,” the Nov. 12 press release said.
Recall, November 11 FTX Group filed for insolvency in accordance with Chapter 11 of the United States Bankruptcy Code. Sam Bankman-Fried stepped down as CEO.
At the same time, Tether Limited, at the request of law enforcement blocked owned by FTX 46,370,701 USDT on the Tron blockchain, and later 31.4 million USDT. This happened after PeckShield specialists paid attention to translations for a total amount of more than $400 million from bitcoin exchange accounts to third-party addresses.
Kraken exchange also at the request of law enforcement froze accountsowned by the FTX Group, including Alameda Research, and their executives.