Paxos Freezes PAXG Tokens Related to FTX

Ben Gray is our Global General Counsel at Paxos.

Earlier today, Paxos received direction from US Federal Law enforcement to freeze Paxos-issued assets associated with four ethereum addresses.  In compliance with the request, Paxos froze 11,184.38 PAXG tokens valued at roughly $19 million. These tokens were previously on the platform and had moved to unknown wallet addresses over the prior 24 hours. 

You can view the blockchain wallet activity at the following addresses:

This is a rapidly evolving matter. We intend to provide updates as appropriate as details come to light. As always, Paxos will continue to work closely with law enforcement and regulators. Thanks go to federal law enforcement for their extraordinary responsiveness to this matter.



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