Tether Critical Announcement - Millions Stolen!

[Dan]

Quote

$30,950,010 USDT was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorized bitcoin address. As Tether is the issuer of the USDT managed asset, we will not redeem any of the stolen tokens, and we are in the process of attempting token recovery to prevent them from entering the broader ecosystem. The attacker is holding funds in the following address: 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r. If you receive any USDT tokens from the above address, or from any downstream address that receives these tokens, do not accept them, as they have been flagged and will not be redeemable by Tether for USD.

This is insane! Tether is the leading blockchain solution for maintaining a stable currency which can be used for trading. It has been adopted by pretty much all the big exchanges as a way to trade crypto between fiat. They have had to completely lock down their wallets and trading platform to try and recover the stolen funds.

Source: https://tether.to/tether-critical-announcement/

 

[David Jones]

That is really a bad news in the world of Crypto Currencies....

[remember]

 

 

It may take a long time to resolve. 

Hope everything will be resolved well

[Kargai]

Totally crazy indeed. 

But let's hope it will serve as an alarm bell for others, if everyone re-check their own security maybe it will prevent some other potential breaches for others. 

[barbaris]

Sad news. Security is the main thing in business.

 

[Upsilon]

7 minutes ago, ktfor57 said:

Sad but hope everything gets sorted out soon.

This news is like a month old lol, most of the stuff has been sorted out. Thought tether has faced a ton of shit for this