Tether blacklists $31.4M USDT following FTX’s alleged hack, Musk reacts By Cointelegraph

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 .