22.11.2017 Hackers being ferocious

Tether, a cryptocurrency equivalent of dollar, created in order to make transactions between the largest cryptocurrency exchanges, in its official statement reported on the actions of intruders, which resulted the theft of 30,950,010 tokens USDT, which corresponds to 30.95 million dollars. The transfer to an unauthorized bitcoin address was made in November 19.

Tether takes the nineteenth place at the world`s cryptocurrency value with a market capitalization of $ 673 million, whose tokens are bound to fiat currencies.

The company makes every effort to ensure that the stolen funds do not flow into the bitcoin ecosystem.

The market reacted to the news with a drop in the bitcoin rate by 5.4 percent. The largest cryptocurrency exchanges announced the stop of bidding of Tether tokens until the situation stabilizes. In particular, Huobi.Pro and OKEx did so.

This is not the first major hacker attack on the cryptocurrency market. For example, a few months ago, Bithumb’s cryptocurrency exchange was hacked and the attackers took over 32,000 users` personal data, which is about 3% of the total.