Tether Claims 30 Million in US Dollar Token Stolen
Show chapters, tether, a start-up that offers dollar-backed digital tokens, claimed Monday that its systems had been hacked, according to cryptocurrency news site CoinDesk. The Tether transactional ledger that records what happens to those usdt tokens is embedded as metadata in the distributed ledger that records transfers of bitcoins, the blockchain. Its tokens can be stored, sent and received across a blockchain and can be redeemed for cash, according to the company.
Tether says nearly 31 million worth of its digital tokens
Notably, the company said that it is releasing a new version of the Omni Core software client (which Tether runs on top of) in a bid to effectively lock up the tokens it alleges were stolen. This time, its European home is with the obscure Bank Polskiej Spdzielczoci also the home of under the name of crypto. Our technology surfaces actionable insights directly from the blockchain, identifying security vulnerabilities, exposing bad actors, and providing market intelligence for smarter digital investments. Tether said it knows the address that is holding the funds, and wont redeem any of the tokens.
Tether hits back after 31m cryptocurrency hack Naked
The announcement comes amid a period of growing discussion and controversy around Tether. CoinDesk will continue to monitor this developing story.
Visualizing the transactions behind the 31m Tether hack
Tether says it will not redeem any of the stolen tokens and that it is in the process of attempting to recover the tokens to prevent them from entering the broader ecosystem. Images courtesy of Shutterstock. Coinmarketcap, Tether is ranked as the 19th most valuable cryptocurrency, with a market capitalization of 674 million. Huobi and, oKCoin announcing the move shortly after the post.
Tether hack: attacker reportedly steals 30 million of digital
Bitcoins price dropped sharply as a result in morning trade, but clawed back some gains to 8,190, according to, bloomberg. This wallet made two transactions, the first is fairly innocuous but I'll come back to it later: m/txid/7b46c7.