$31 mln worth of Tether cryptocoins get stolen, developers freeze assets

[mlawson71]

$31 million worth of Tether coins got stolen this Monday, following a “malicious attack”, the fintech behind the alt-coins said.

"$30,950,010 USDT was removed from the Tether Treasury wallet on Nov. 19, 2017 and sent to an unauthorized bitcoin address”, the company said in a statement.

 

[Zr1Trader]

Bitfinex is fraudulent. They create USDT tethers out of thin air and then magically bid up bitcoin with them. I hope CME drops them from their "Bitcoin reference rate"

For more info on Bitfinex antics... check out @Bitfinexed stream on twitter.

 

[schweiz]

Fort Knox seems not to be so safe as believers think. Knocked out. Wait till the boys in St Petersburg start to focus on cryptocurrencies. Till now they were to busy hacking in the political area on instructions from Putin.

With the rising prices the interest to hack increases too. Now it is economically more attractive as each coin stolen delivers enough money to invest their time in it.

 

[S2007S]

Just like the funny money disappears

Money that's made up out of thin air can disappear just like that...magic money hahahahahaha

This is just the tip of the iceberg as hundreds of millions and even billions will go missing just like that....

 

[mlawson71]

There are some risks related to cryptocurrencies, regulators have been warning about it for a while now. But then again, there are risks related to trading Forex too.