More than US$30 million worth of cryptocurrency was just stolen by hackers, company says
In a deleted post on its website, Tether said it was attempting to recover the stolen tokens and prevent them from entering the broader cryptocurrency market
By Saheli Roy Choudhury
Tether, a start-up that offers dollar-backed digital tokens, claimed Monday that its systems had been hacked, according to cryptocurrency news site CoinDesk.
Tether reportedly claimed US$30.95 million worth of its tokens had been stolen.
According to a now deleted post on its website, Tether said a “malicious action by an external attacker” resulted in the theft of the tokens, CoinDesk said.
In the removed post, Tether said it was in the process of attempting token recovery to prevent them from entering the broader cryptocurrency market.
The start-up said it would do so by temporarily suspending its back-end wallet service and also provide updated software to stop the stolen coins from moving from the attacker’s address.