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

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On the night of Nov. 11, several wallet addresses linked to FTX were found transferring millions of dollars worth of cryptocurrencies without an official notice — sparking speculations ranging from the commencement of FTX’s bankruptcy proceedings to the involvement of hackers. Within hours, FTX confirmed on Telegram that the fund transfers were part of an ongoing hack.

Following FTX’s confirmation on Telegram about the hack, as shown above, Tether proactively blacklisted $31.4 million worth of Tether (USDT) tokens linked to the transactions. As pointed out by blockchain investigator ZachXBT, the blacklisted USDT tokens were made up of $3.9 million USDT on Avalanche and $27.5 million USDT on Solana.

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