In response to the blockchain infrastructure firm Paxos, the agency has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer famous that it was directed to freeze the PAXG tokens after “course from U.S. federal legislation enforcement.”
Paxos Complies With U.S. Legislation Enforcement Request to Freeze 11,184 PAXG
Paxos up to date the general public on Nov. 12, 2022, and detailed that the corporate has frozen 11,184.38 pax gold (PAXG) tokens held on the FTX platform. The replace was written by Paxos world normal counsel, Ben Grey. PAXG is a crypto token backed by one ounce of .999 positive gold at a 1:1 ratio and it’s the most important tokenized gold coin in phrases of market cap.
“Earlier at present, Paxos acquired course from U.S. federal legislation enforcement to freeze Paxos-issued property related to 4 ethereum addresses,” Grey’s weblog put up particulars. “In compliance with the request, Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million. These tokens had been beforehand on the FTX.com platform and had moved to unknown pockets addresses over the prior 24 hours.”
The PAXG tokens that had been frozen by Paxos may be seen in the next 4 addresses:
0x59A
0xc40
0x5Ea
0x9c4
The Paxos freeze follows Tether freezing 46 million USDT from FTX on the request of legislation enforcement officers as effectively. A Tether consultant advised Bitcoin.com Information that the corporate “can affirm on the background {that a} freeze occurred.” Following the PAXG freeze replace and sharing the addresses, Grey additionally stated the corporate was working with the U.S. authorities and related regulators.
“This can be a quickly evolving matter,” the Paxos government detailed. “We intend to offer updates as acceptable as particulars come to gentle. As at all times, Paxos will proceed to work carefully with legislation enforcement and regulators. Thanks go to federal legislation enforcement for his or her extraordinary responsiveness to this matter.”
What do you consider Paxos freezing greater than 11,000 PAXG from FTX’s 4 accounts? Tell us your ideas about this topic in the feedback part under.
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