BREAKING NEWS: Tether (USDT) Has Been Hacked!

China is already moving to bitUSD and bitCNY on the Bitshares blockchain (one of the oldest, fastest and most secure chains with more daily transactions than Bitcoin) cause they are backed by 200% collateral and can't be hacked. Transfers also take 3s and the wallet is the largest decentralized exchange in the world. https://bitshares.org/

$3.20

7 votes

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rohitsharmaalive (38) · 7 years ago

$31million of hope turned into despair. People thought that they will reap good rewards instead someone came in and broke the vault. We need to ensure a super secure platform when it comes to money and our personal things.

Hackers are the new pirates of the high seas.

$2.38

4 votes

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l337m45732 (50) · 7 years ago

How shocking. Like no one saw this coming.

$2.31

4 votes

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royaldutch (39) · 7 years ago

Investors lost almost 400,.000$ in the confido scam. That was also not predicted, more info about all facts you can find here: https://steemit.com/cryptocurrency/@royaldutch/confido-cfd-is-a-scam-let-s-analyse-what-is-happening-right-now-updated

$0.00

1 vote

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jjcali (57) · 7 years ago

Sad. Hopefully they figure out a solution.

$0.09

1 vote

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steemmatt (69) · 7 years ago

Hahhh. "Attacker" Sureeee... I have to strongly agree there was some shady inside work in play. It's a coverup to balance their books.

$0.00

4 votes

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zakariashikder (61) · 7 years ago

OMG that's a shocking news

$0.00

2 votes

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jamesmiller (27) · 7 years ago

pray that all of us are protected..

$0.00

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sames (65) · 7 years ago

Two alternatives to tether=
Bitusd
or steemdollar.

$0.00

2 votes

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etherecash (39) · 7 years ago

and they said in the announcement "we will not redeem any of the stolen tokens"

$0.00

1 vote

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rentko (36) · 7 years ago

Let's think about whole tether for a moment. Do you think that if tether will collapse it would bring the whole crypto market down?

I think that it might not be 100% - because now when people are running away from crypto they convert into tether. In such a case it would rather stop sell off (until new pegged coin will gain popularity) because many people do not want to go into fiat.

$0.00

1 vote

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skankhunt44 (45) · 7 years ago

check out trade.io pre-ico. 100% bonus for the next 4 days. http://bit.ly/trade-io

$0.00

2 votes

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beerbot (65) · 7 years ago

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$0.00

1 vote

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syedumair (72) · 7 years ago

They said the attacker who stole it will not be able to redeem it.
They are trying to recover it

$0.00

8 votes

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tokenizer (35) · 7 years ago

another DAO scenario, probably a fork

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myfinanceteacher (66) · 7 years ago

USDT Thether is centralized, unlike Bitcoin which is decentralized.

That is why Bitfinex can simply prevent the hacker from moving the Thether from his/her address.

Upvote for support of a decentralized crypto :)

$0.00

1 vote

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rowlandokoli (35) · 7 years ago

Well appreciated sir. keep it coming as i personally do not trust their explanation/excuse at Tether. I smell a rat, a very big one.

$0.00

1 vote

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virtualworld92 (27) · 7 years ago

Have they managed to solve this critical problem? :O

$0.00

1 vote

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xsid (51) · 7 years ago

Avoid exchanges altogether soon!
https://steemit.com/bitcoin/@xsid/atomic-swaps-what-s-so-great-about-them

$0.00

1 vote

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iwant (52) · 7 years ago

tether i don't know about this what is tether

$0.00

1 vote

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realityisfake (46) · 7 years ago

I can't explain the technical details, but a lot of exchanges use tether as a stand-in for the dollar, and such. It's a digital currency.

$0.00

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tighilt (49) · 7 years ago (edited)

Malicious actions have been made, and $ 30m of USDT would have been "stolen" by an attacker storing these dollars on the address « 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r »

$0.00

1 vote

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safreen (13) · 7 years ago

woe.... ridiculous

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tokenizer (35) · 7 years ago

we were warned

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funatoz (63) · 7 years ago

It's really bad news and all the hackers must be punished. Well I know that government doesn't support the blockchain but at the same time . Because of this money belongs to the investors and all these money ultimately cut out from the pocket of investor. And this also shows that there is a lot of work have to do for protecting the wallets and exchange from the hackers. The data you had shown really amazed anyone but actually it's a big concern, developer have to work on it provide a strong security system.

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mejustandrew (58) · 7 years ago (edited)

So sad, and it looked so promising, who would have thought...

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shrivastava.sud (41) · 7 years ago

The news is vary shocking.

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ucanis (58) · 7 years ago

It's very bad. Lots of people will lost their money :( Try to keep your cyrpto moneey in your paper wallets!

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sames (65) · 7 years ago

It not the people fault it a hacker hacking the omni layer and minting their own coins.

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crypto3em3 (45) · 7 years ago

Insane how 30 million can go missing just like that in the crypto world

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ashik785 (46) · 7 years ago

Great crypot news...sir

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ayeshahassan (25) · 7 years ago

Hi,I am from Bangladesh and I like your post

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lightproject (64) · 7 years ago

Nice to meet you.

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lemonjack (27) · 7 years ago

what is this Tether??i have no idea on this

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ormus (56) · 7 years ago

well that will make btc come up people will fear and sale tether
nice video thx bro

$0.00

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beerbot (65) · 7 years ago


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cryptomeeks (53) · 7 years ago

Oh frick...

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ban2rotart (25) · 7 years ago

how could it have been wrong to lose $ 30 million?

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virtualworld92 (27) · 7 years ago

It would be very profitable if I could read this earlier... I could earn so much money!!! @bitcoin @coinbase @crypt0

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