$31 million worth of Tether stolen in latest crypto heist

Crypto hackers are at it again. 

According to Tether, a company that’s behind the cryptocurrency of the same name (known by the symbol USDT), someone recently stole nearly $31 million from its digital vault. 

The announcement, together with Tether’s website, is currently offline, but an archived version says that “$30,950,010 USDT was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorized bitcoin address.”

Tether is a widely-used cryptocurrency whose value is pegged to the U.S. dollar at a 1:1 ratio. It’s most commonly used as a way to own and move USD without actually turning crypto assets dollars. Read more…

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