Tether, the company behind a dollar-pegged cryptocurrency widely used in the market’s exchange trade, is claiming that its systems have been hacked and that $30 million worth of its tokens have been stolen, CoinDesk reports.
“Malicious action by an external attacker,” is behind the biggest ever theft of the cryptocurrency, claims Tether. “$30,950,010 USDT was removed from the Tether Treasury wallet on Nov. 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.”
As a response, company is ensuring that these exchanges won´t be traded or introduced the stolen funds back into the cryptocurrency economy. For that purpose, a new version of the Omni Core software client is company releasing. It should effectively lock up the allegedly stolen tokens.
CNBC writes, that some suggested that the hack news may have been connected to some extreme volatility exhibited by bitcoin Monday evening ET, which saw the asset fall roughly $430 from $8,250 in about an hour and a half.