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![Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts](https://d1-invdn-com.investing.com/content/pic3ab6cb047a03eb3ae210ccebae086c21.jpg)
Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts
On the evening of Nov. 11, a number of pockets addresses linked to FTX had been discovered transferring thousands and thousands of {dollars} price of cryptocurrencies with out an official discover — sparking speculations starting from the graduation of FTX’s chapter proceedings to the involvement of hackers. Inside hours, FTX confirmed on Telegram that the fund transfers had been a part of an ongoing hack.
Following FTX’s affirmation on Telegram concerning the hack, as proven above, proactively blacklisted $31.4 million price of Tether (USDT) tokens linked to the transactions. As identified by blockchain investigator ZachXBT, the blacklisted USDT tokens had been made up of $3.9 million USDT on and $27.5 million USDT on .
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