Bahamian crypto exchange FTX announced on 11th November 2022 about filing bankruptcy under the Chapter 11 Bankruptcy code. The very same day, founder and CEO Sam Bankman-Fried stepped down from his designation. On top of the already going on worst phase, FTX took another bad omen in form of a reported hack on crypto exchange said to have lost about 600 million USD.
The information shook the market already going through the trauma of the FTX collapse. While the USDT stablecoin issuer Tether took a proactive approach as soon as getting about the hack.
Initially it was clear if FTX wallets are removing their funds in the wake of the exchange’s bankruptcy filing or a potential hack. In the matter of hours, it was clear that the transferring of assets was actually a hack. The confirmation made Tether take the initiative and soon it blacklisted the stolen amount in USDT stablecoin.
Tether was reported to save USDT worth up to 31.4 million USD which were part of the siphoning assets d
We współpracy z: https://www.thecoinrepublic.com/2022/11/16/tether-secured-over-31-mn-usd-worth-usdt-in-ftx-hack/
