BlockTrades has temporarily suspended trading in OPEN.USDT

in blocktrades •  7 years ago  (edited)

There has apparently been a hack of a Tether "treasury wallet", so as a safety measure BlockTrades is temporarily suspending trading in OPEN.USDT until we are sure that OpenLedger has upgraded their Tether wallet to the new version referenced in post below (excerpt reprinted here):

Tether Critical Announcement

Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious >action by an external attacker. Tether integrators must take immediate action, as discussed below, to prevent >further ecosystem disruption.

$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.

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

On a side note, we had recently run low on Steem for delegations, but more is now available:

btc_to_delegated_steem_power.png

NOTE: This is more of a public service announcement than anything else. BlockTrades has suffered no damage as a result of the hack of Tether's wallet.

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China is already moving to bitUSD and bitCNY on the Bitshares blockchain - one of the oldest, fastest, most secure cryptos with more daily transactions than Bitcoin. bitUSD and bitCNY are backed by at least 200% collateral, can't be hacked, are decentralized (no shady company with questionable business practices) and transfers take less than 3s. https://bitshares.org/

keep away from USDT!

Thank you for this info and sharing it ☺

Thanks for the news. Due to your great work on steemit, i hereby resteem your post. Keep the good work done.

Thnx for sharing this information, $30,950,010 USDT is really a huge amount 😌😌

hi just done my first transfer to BlockTrades, tried, haven't being able to transfer them into my coin base yet. Waiting to hear updates, tks a lot

Please send a request to our support email with info about the transfer (support at blocktrades.us) . The most likely issue is if you sent less than the amount required to pay the bitcoin transaction fee, in which case your Steem/SBD can be refunded.

Thanks for sharing such a valuable information about external attack. You are the back bone of the community so your great information will become more effective for us. Thanks, wish you a very beautiful time ahead, I request you to visit me too.

Thanks for this information and its really sad news we investor don't want any such default in system that gave chance to other to steal our money

hopefully they recover the funds

No as I had seen earlier not any exchange take responsibility and give back money of investors

  ·  7 years ago (edited)

2 days ago Transfer 1.200 SBD to blocktraders

I have transferred the SBD 1.20 to the blocktrades 2 days ago. But I still did not get bitcoin to my coinbase account.
What should i do?

Email them. They will reply with answer.

Thanks

What happen...
please solve it

bandicam 2017-11-24 17-41-06-660.jpg

bandicam 2017-11-24 17-36-31-971.jpg

same here..what happened?

  ·  7 years ago (edited)

please help me
I made a mistake sending in the address: I put the address of my Ethereum wallet ...
I should have put


Thanks for this information, everyday we wake up to news of hacks. Hard to keep up with all of them. But at least we now know to keep off this one till it's fixed. Muchas gracias.

Do what you think it's the right we trust in you ^^

Blocktrades is the best, i love them

I about an hour ago completed the transaction to bitcoin account via @blocktrades, I happen not to see this information, but have successfully entered the bitcoin purse just waiting to get into my personal account. Can it still be taken by the villain @blocktrades ,,,?

No, there was no chance for our customers to lose money from this theft. This post was just to warn people about the situation with USDT (which is mostly resolved now I think).

I have no doubt about you @blocktrades, I just want to know about their very cunning crimes ...

Thanks for the heads up

no worries : )

Helo @blocktrades I have made transaction of 8.83 SBD From To Exchange Bitcoin But I have't recieved My Payment Yet Why It Is two days I am Waiting For My Bitcoin But No Payment Yet Why This

That is terrible. Thank you for letting us know. Really appreciate your amazing work and making this a safer and better place.
Very Appreciated.

Please help
I made a mistake sending

Nice job letting people know.

I have no words to thank you enough for my upvote. I am a pensioner who is enjoying writing here, but thank you so much for my upvote do not know where else to go to thank you. It is so very much appreciated.

That explains alot @blocktrades but it doesn't explain why its already rising again!

thanks to share

This is something people should really be aware of. there are a lot of blackhats wanting to earn money the easy way. thanks for letting us know!

very funny night .. my last night dreaming on upvote by you, :) .. i hope my dream come true .. thanks @Blocktrades

Thanks for share in info
@blocktrades

Hello blocktrades i send you 0.100 sbd 3 hour ago but steel not recive etherium on my blockchain account this is one of the transaction is not clear so check your memo and clear these transaction otherwise refund my balance
...

what happened to my transfered money? please help me please...

  ·  7 years ago (edited)

Thanks @blocktrades information. Trading on OPEN.USDBT.

sangat disayangan hal ini hatus terjadi. untuk delegations bisa dilakukan untuk semua orang ataupun cuma orang tertentu.?

that is a large number of USDT is their any option to recover that lost USDT?

It looks like they are going to hardfork the stolen USDT out of existence. So the attacker will only profit if he can pass it off to someone else before it is destroyed.

That's why it's important that anyone running a USDT wallet is aware of this situation, especially any exchanges, so that they can upgrade to the new wallet.

That btc usd is huge. It should be destroyed the person should not benefit from it . Assuming the person can be make to face the law @bkocktrades. We hope to see btc transaction starting soon

The issue is just with USDT (a coin called Tether USD). Bitcoin is still operating fine.

Okay Now i get. We can still exchange our steem/steem usd to btc with blocktrades? @blocktrades

yes, this announcement only affected a small number of customers that might send us OPEN.USDT (a coin on bitshares network).

Good response and additional information 👍🏾

Hello. 8 days ago I transfer Steem to you, but didn't get ETH to my wallet. Where are they?

Hi, please send such requests to our support email (support at blocktrades.us)

Thanks)

Sent 5 SBD two days ago under this name which wasn't enough to send on. Please send back! I know it's just a little but it matters to me. Thanks!

Hello @blocktrades I have only ask to you, I sent 0.100 SBD To "blocktrades"..providing your giving memo...I ask if you receive my SBD then its OK... I'M Just try only to transfer my SBD because this is my first time..if you not receive it's bad I think theres wrong can you teach me how and how much the minimum of SBD that i'm deposit to exchange to bitcoin image...thanks if you reply .. And I ask also blocktrades can transfer or exchange for the next day?...

Blocktrades i send you 0.100 sbd 10 minit ago but steel not recive etherium this is one of the transaction is not recive other all transactions are cleared but this is not clear so check your memo

Hello blocktrades i send you 0.100 sbd but steel not recive eth plez check your memo. Other aise refund my payment plez check.....

Hello blocktrades i send you 0.100 sbd but steel not recive eth plez check your memo. Other aise refund my payment plez check.....

Good content, very nice to read.

  ·  7 years ago Reveal Comment

yup it's not working, i've just transfer my steemit dollars to block trades, and it can not be transfer to my coin base account yet, wasting a lot off time on it, cause it's my first try to transfer steemit dollars~

  ·  7 years ago Reveal Comment