Tether Has no Plans to Invest or Lend Money to FTX and Alameda, Says Tether CTO

Tether CTO Paolo Ardoino tweeted that Tether does not have any plans to invest or lend money to FTX/Alameda.

Previously, according to Reuters, SBF is seeking to put together a rescue package of up to $9.4 billion for the crypto exchange FTX. It is reported that SBF is discussing raising about $1 billion from crypto-token Tron founder, $1 billion from crypto exchange OKX, $1 billion from crypto firm Tether and $2 billion from a consortium of investment funds.