Tether freezing $46 million worth of FTX USDT at the request of law enforcement

Tether, a stablecoin issuer, has frozen $46 million worth of stablecoin USDT after a request from law enforcement, according to a Tether executive that spoke to CoinDesk. The frozen wallet belonged to crypto exchange FTX, according to Tronscan data. “While we cannot specifically comment, Tether routinely has an open dialogue with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability,” said a Tether spokesperson in an email to MarketWatch.