HomeGuidesUS Legislation Enforcement Directs Paxos to Freeze Extra Than 11,000 PAXG Tokenized...


In line with the blockchain infrastructure corporate Paxos, the company has frozen 11,184.38 pax gold (PAXG) tokens held at the platform FTX.com. The regulated token issuer famous that it used to be directed to freeze the PAXG tokens after “path from U.S. federal regulation 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 at the FTX platform. The replace used to be written through Paxos international common suggest, Ben Grey. PAXG is a crypto token sponsored through one ounce of .999 tremendous gold at a 1:1 ratio and it’s the most important tokenized gold coin relating to marketplace cap.

“Previous these days, Paxos gained path from U.S. federal regulation enforcement to freeze Paxos-issued property related to 4 ethereum addresses,” Grey’s weblog publish main points. “In compliance with the request, Paxos iced over 11,184.38 PAXG tokens valued at kind of $19 million. Those tokens had been up to now at the FTX.com platform and had moved to unknown pockets addresses over the prior 24 hours.”

The PAXG tokens that had been frozen through Paxos will also be observed within the following 4 addresses:

The Paxos freeze follows Tether freezing 46 million USDT from FTX on the request of police officers as smartly. A Tether consultant advised Bitcoin.com Information that the corporate “can verify at the background {that a} freeze befell.” Following the PAXG freeze replace and sharing the addresses, Grey additionally stated the corporate used to be operating with the U.S. government and related regulators.

“This can be a impulsively evolving topic,” the Paxos government detailed. “We intend to supply updates as suitable as main points come to mild. As all the time, Paxos will proceed to paintings carefully with regulation enforcement and regulators. Thank you move to federal regulation enforcement for his or her peculiar responsiveness to this topic.”

Tags on this tale
Ben Grey, Freeze tokens, Frozen tokens, ftx, FTX accounts, FTX Trade, Legislation Enforcement, pax gold, PAXG, Paxos, Paxos government, Paxos executives, Paxos international common suggest, Paxos Gold Cash, Paxos Gold Tokens, Tether, USDT

What do you take into accounts Paxos freezing greater than 11,000 PAXG from FTX’s 4 accounts? Tell us your ideas about this matter within the feedback segment underneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a zeal for Bitcoin, open-source code, and decentralized packages. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising these days.

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