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$30,950,010 worth of Tether (USDT) were stolen – Exchange‎s Suspends Trading

Justin
November 21, 2017
14 Shares 3,105 Views 2

Tether Critical Announcement

It is officially confirmed, that $30,950,010 worth of Tether (USDT) were stolen and cryptocurrency exchanges suspended trading in USDT. Also, it is possible, that Tether was hacked by the same person who hacked Bitstamp in 2015. More on REDDIT.

Official information from USDT team. Press on the picture for original statement.

Announcement on Twitter

Huge market cap proves, that USDT has caused positive investors attention



Cryptocurrency exchanges stops trading in Tether

As a result of rude actions against Tether cryptocurrency exchanges suspends trading, deposits and withdrawals.

Hitbtc.com informs trders, that:”Dear traders! In accordance with Tether (USDT) Team’s official request, HitBTC has temporarily suspended withdrawals and deposits for USDT, AMP and MAID. Please find the details in the official statement issued by Tether. We apologize for the possible inconvenience.”

Some of community members believes that this might look as inside job



Stolen Tether lays here

We wish safe investment for all Cryptovibes readers. So, before going to the moon to get your Lambo make sure you have a parachute.

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2 Comments

  1. We think that to add to the completeness of the story, it should be mentioned that there are mechanisms to protect against such behaviour in crowdfunding.
    For example, recently audited crowdfunding code for Cryptotask that releases funds in stages to the devs only if the stakeholders are satisfied with the project progress. (GitHub: https://github.com/vkajic/cryptotask Audit: https://www.cryptotask.org/wp-content/uploads/2017/11/CryptoTask-Audit.pdf )
    In this case, stakeholder voting on the releasal of funds happens each 6 months. In the case that the dev team is not delivering, the investors get a refund from the smart contract.

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