The cryptocurrency startup Tether announced a hacker attack resulted in the theft. Hackers manage to transfer $30 950 010 in company tokens from the wallet Tether Treasury to a non-authorized bitcoin address...
The cryptocurrency startup Tether announced a hacker attack resulted in the theft. Hackers manage to transfer $30 950 010 in company tokens from the wallet Tether Treasury to a non-authorized bitcoin address 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r.
In the official statement Tether advises its users not to accept coins from that address. It is impossible to exchange them because the developers have already issued an update with the address blocked. Now measures are being taken in order to get the stolen tokens back into the system and wherein not letting the intruders exchange them. Several exchanges have temporarily stopped to trade Tether tokens.
Tether issues USDT tokens, backed by the US dollar. The price of USDT is fixed, it’s $1. The company uses Omni blockchain protocol.
Tether is one of the twenty largest crypto-currency companies with a capitalization of $ 674 million. Against the background of news, the bitcoin rate sank by 5.5%, but then recovered to its previous values.
The attack on Tether may have involved hackers who already claimed about themselves two years ago by hacking the Bitstamp exchange and getting about 18,000 bitcoins. This conclusion was reached by some observers, having analyzed Tether's blockchain.
There were unpleasant situations around the company even earlier. Many users were worried about opaque relations between Tether and Bitfinex exchange. The is an assumption that USTD tokens were used to influence the market through Bitfinex. Moreover the startup and the exchange might have the same owner.
The news about the theft of tokens adds to the users' dissatisfaction with the policy of transparency. So for Tether it's hard times.
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