The company behind cryptocurrency Tether posted 19.11.2017 a post on the project website stating that it had stolen $ 30 million of hack tokens.
Tether's official website blames a hitherto unknown assailant for theft. The company wrote:
- Source: https://archive.fo/ZFDBf
The message was no longer available on the official website at the editorial time, but only in an online archive.
The adversary's address is known to the tether developers. Because of this, an updated software version of the Tether Client has already been provided, which "locks" the known address so that, in simple terms, no transaction can be performed using the stolen tether. However, all exchanges, clients, and other tether integrations must immediately install the updated software version.
Controversy and criticism of Tether
The news comes amid a time of growing criticism and controversy surrounding the token tether.
In recent months, the company's claim has caused a sensation that it has dollar deposits for each tether. From this, many users had deduced that you could exchange tethers for real dollars. However, in the legal terms, Tether (in an older version) pointed out that tethers are not money or money and, in addition, have no legal right to disbursement or exchange of the tether for fiat money. This has been critically debated on Reddit and other platforms in that large amounts of money and "non-money" are exchanged and no legal entitlement to disbursement exists.
In addition, the unclear relationship between Tether and the Bitfinex crypto exchange on Reddit has been hotly debated in recent months. Among other things, the assumption was that the stock market could use the asset for market manipulation. The latest hack news and the removal of the message from the website after a short while are likely to fuel the controversy now.
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Informative, thanks for sharing
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My pleasure!
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This post has received gratitude of 3.28 % from @appreciator thanks to: @tradewonk.
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When i read this kinda news, i blame myself for not becoming a hacker.. imagine, getting 1000 Bitcoins out of thin air.. sounds fascinating. No?
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this knowledge can be used for good. become a developer instead
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Same thoughts here
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True.. nobody said anything about acting on it.. but there is no harm in fantasizing. No? :p
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thanks for the update
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My pleasure!
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Thank you for the news. After it, I wondered if I could steal such a sum, would I go to stealing? The question was very difficult.
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