Tether Hack: Cryptocurrency Worth $31 Million Stolen

Tether Hack: Cryptocurrency Worth $31 Million Stolen

Tether noted in a now-removed post on its site that almost $31 million worth of tokens were stolen from the treasury in which it stored its dollar-pegged cryptocurrency.

"Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker", the post continued. Originally launched as Realcoin and later rebranded, Tether aims to serve as a proxy for the United States dollar that can be sent between exchanges including Bitfinex, Poloniex and other markets.

Tether is down 0.3% against the dollar on the back of the news, according to CoinMarketCap.com.

Tether reportedly claimed US$30.95 million worth of its tokens had been stolen.

Jennifer Garner Spills On Her Dating Life After Ben Affleck Split
The pair started dating in 2004 after they became friends while making Pearl Harbor in 2001 and Daredevil in 2003. Jennifer Garner has dished out details about how she will be celebrating Thanksgiving on Thursday, 23 November.

Here Are the Impressive First Week Numbers for Taylor Swift's 'Reputation'
Offset, 21 Savage, and Metro Boomin' s collaborative album Without Warning slipped one spot from the previous week to number six. Only one other new release cracked the Top 10: Evanescence's Synthesis debuted at Number Eight at 34,000 total copies.

Russian Federation recognizes to be the origin of a radioactive pollution
Ruthenium-106 is a fission product from the nuclear industry, also used for medical treatments. There is the Mayak nuclear complex, which suffered one of the worst accidents in 1957.

In response Tether said it has flagged the tokens - meaning that it will track them and prevent the holder from exchanging them through its service - and that it is working to recover them. Should nodes in the network adopt the software, it would effectively blacklist the stolen address, enacting an emergency fork to contain the funds. As such, it's temporarily suspending its backend wallet service for partners, and is updating its Omni Core software client to prevent the missing tokens from being used in any transactions. Tether said its tokens are supported by the dollar, euro, and "soon Japanese yen".

As Coindesk reports, the incident is sure to throw up more questions about the relationship between Tether and the secretive exchange Bitfinex.

Tether's "critical announcement" of the mess offered no detail about how it was cracked, but promised a thorough investigation.

Tether's allegations mark the latest in a long line of reported cryptocurrency hacks.

Related:

  • Real Madrid not giving up on De Gea

    Real Madrid not giving up on De Gea

    De Gea has been in exceptional form once again this season - keeping eight clean sheets in 12 Premier League games this season. He is expected to retain his place in goal for United's Champions League fixture against Basel.
    Manchester City ready to move for Mahrez

    Manchester City ready to move for Mahrez

    The Leicester winger is still linked with a move away from the King Power after failing to complete dream moves in the last two summers.

    SVB Financial Group (SIVB) Earning Favorable News Coverage, Analysis Shows

    Diam Company Ltd increased Motorola Solutions Inc (NYSE:MSI) stake by 16,484 shares to 248,952 valued at $21.60 million in 2017Q2. Ny State Teachers Retirement Systems holds 0.04% of its portfolio in SVB Financial Group (NASDAQ:SIVB) for 92,826 shares.
  • Five Criminals Arrested in Encounter at Dwarka Mor Metro Pillar 768

    Five Criminals Arrested in Encounter at Dwarka Mor Metro Pillar 768

    DCP Shibesh Singh said the suspected criminals were hiding on the second floor of a residential building in Dwarka. A major encounter broke out between dreaded criminals and police forces in New Delhi's Dwarka locality on Tuesday.
    Pradhyuman murder: CBI summons conductor's kin over arbitration audio

    Pradhyuman murder: CBI summons conductor's kin over arbitration audio

    It stated that Kumar's blood sample does not match the blood sample of the killer's blood which was found on Pradyuman's clothes. Gurgaon police had taken blood samples of Kumar also, though there was no injury mark on his body.

    Piper Jaffray Companies Reaffirms Buy Rating for Tesla Inc. (NASDAQ:TSLA)

    Mirador Capital Partners Lp increased Claymore Exchange Trd Fd Tr stake by 23,049 shares to 177,937 valued at $4.59M in 2017Q2. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma, a Massachusetts-based fund reported 1,297 shares.
  • Hospital apathy: Parents cry foul over Rs 18 lakh bill, child dies

    Hospital apathy: Parents cry foul over Rs 18 lakh bill, child dies

    Fortis denied any wrongdoing and said that the family was informed of Adya's critical condition and was counselled every day. The man had also written that the doctors charged the parents for 660 syringes, which adds up to nearly 40 syringes a day.
    Kenya: Fred Matiang'i Set to Release KCPE Exam Results in Nairobi

    Kenya: Fred Matiang'i Set to Release KCPE Exam Results in Nairobi

    During his address, the CS hailed teachers and the government for their input as the number of absent candidates decreased. The release came nearly a month earlier than previous years after marking was fast-tracked by optical machines.
    Both Female Candidates for Governor Talk about Roy Moore

    Both Female Candidates for Governor Talk about Roy Moore

    Corfman described her date with Moore when she just 14 years old, and he was 32. "And they found those people, ' she said". She said , "they were afraid that, with all of their social connections that they would be castigated from their groups".
  • Cheaper version of Xiaomi Mi Note 3 now available

    Cheaper version of Xiaomi Mi Note 3 now available

    The phone holds a 5.50-inch touchscreen display with a resolution of 1080 pixels by 1920 pixels at a PPI of 403 pixels per inch. Xiaomi , the globally renowned electronic devices manufacturer, has chose to refurbish its Mi Note 3 range with a new variant.
    Paige Returns to WWE Alongside Two Female Superstars from NXT

    Paige Returns to WWE Alongside Two Female Superstars from NXT

    Expect more attention on Paige throughout the next year as the release of feature film Fighting With My Family comes closer. The Rock stumbled across the documentary while filming Fast & Furious 6 in London.
    Global Fe Si Steel Market 2017- ThyssenKrupp, Ansteel, ATI, NSSMC, Baosteel, Posco

    Global Fe Si Steel Market 2017- ThyssenKrupp, Ansteel, ATI, NSSMC, Baosteel, Posco

    Europe is likely to hold a significant Structural Steel market share owing to the rise of aging population in this region. Structural Steel market details in the form of graphs, tables, and pie-charts will offer simplified market information.

Comments

Latest news

TransCanada Starts Excavation Work After South Dakota Pipeline Leak
Kleeb said the alternative route was not reviewed by federal authorities and would force TransCanada to seek new approvals. The State Department is looking at the decision to see if it will have to issue a new environmental impact study.

Zimbabwe's Mugabe faces impeachment after military takeover
Grace Mugabe has not been seen since the takeover of the military, which has not overtly called for President Mugabe's resignation.

Natalie Portman: 'I was deceived by a creepy producer'
However, she clearly said that she wasn't harassed or sexually assaulted but she added that it was very comfortable. One particular incident the actress recalled was on a plane with a producer.

Bomb blast kills worshippers in Adamawa mosque
Abubakar Sule, who lives near the mosque, said he had just returned home when he heard the blast. No-one has said they were behind the bombing.

Laughlin pilot dies in T-38 crash in Texas
A Val Verde hospital spokesperson could not be reached about the condition of the second person involved the crash. Officials are withholding the names of the pilots until next of kin have been notified.

Bryan Cranston recalls meeting Charles Manson: 'I was within his grasp'
I was within his grasp just one year before the brutal Tate-LaBianca murders in 1969. He told it in more detail previous year during a talk with the Hudson Union Society.

Your Daughter Doesn't Owe Anyone a Hug. Not Even at The Holidays
Many agreed with the advisory, however, including some who noted young children are often molested by someone close to the family. Holidays and family get-togethers are a time for yummy food, sweet traditions, amusing stories, and lots and lots of love.

Arsenal full-back Bellerin: We 'shut some mouth' with Tottenham win
He believes the North London derby win for Arsenal will not lead to the Gunners usurping their rivals long term. Arsenal are one point behind Spurs , closing a gap of four points which existed prior to the win.

British watchdog launches fresh investigation into Mitie's accounts
Mitie, which has issued a string of profit warnings , also said it was looking to sell its property management business. As a result of the increased investment, pretax profit fell to GBP6.1 million from GBP15.8 million previous year .

EasyJet hails "robust" performance despite profit dip
These are the last results overseen by chief executive Carolyn McCall, who is moving to become head of ITV . It carried 80.2 million passengers during the period, a hike of 9.7 per cent year-on-year.

Punta Gorda hires police chief
Davis is the director of the Professional Development and Training Academy for the Baltimore Police Department. It is an absolute honor to be selected as the chief of police for the City of Punta Gorda.

Not all state and local tax deductions eliminated in House Republican plan
While most of those states are led by Democrats, Republican-led Georgia and Utah, and the swing state of Virginia were among them. Now they are lying about the Republican tax plan, saying it is taking away health care for the poor to give the rich a tax break.

Adam Lallana included in Liverpool squad for Champions League clash with Sevilla
The Merseyside outfit have won their last three games in all competitions, including a 3-0 victory over Huddersfield Town and a 4-1 win at West Ham.

Tencent becomes first Chinese tech company to surpass $500 billion valuation
Tencent's market cap has more than tripled since March 2014 when it reached $150 billion , surpassing Intel in the process.

Brokerages Anticipate First BanCorp. (FBP) Will Announce Earnings of $0.06 Per Share
NY now owns 37,059 shares of the bank's stock worth $189,000 after purchasing an additional 3,261 shares during the last quarter. UBS AG upgraded The Bancorp from a "market perform" rating to an "outperform" rating in a research note on Monday, July 31st.

Other news