Cryptocurrency startup loses $ 31 million
If something goes wrong with cryptocurrencies, then it quickly gets expensive. In Startup Tether, attackers were able to transfer tokens worth $ 31 million. The company responds with a fork of its own software.
The cryptocurrency launch Tether has lost $ 31 million (US dollars tether) to attackers. As the company announced, numerous tokens have disappeared from Tether's main WALLET. The assets were sent to an "unauthorized" Bitcoin wallet. Tether is a cryptocurrency whose value is linked to the US dollar.
Specifically, tokens worth US $ 30,950,010 were stolen. With cryptocurrencies, it is customary to first sell such tokens for money, these then serve as seed capital at the start of the currency and are exchanged for units of the currency. In many countries there is already a regulation of such initial coin offers (Ico), others strive for this.
At the moment, Omni Core software is also being redesigned. This serves to process transactions. The update is intended to prevent a trade in the stolen assets from taking place. Since the changed software deviates from the previous consensus model, it is ultimately a Hardfork, as the makers themselves write. Again and again after hardships with cryptocurrencies hardforks are performed, such as at Ethereum.
The cryptocurrency launch Tether has lost $ 31 million (US dollars tether) to attackers. As the company announced, numerous tokens have disappeared from Tether's main WALLET. The assets were sent to an "unauthorized" Bitcoin wallet. Tether is a cryptocurrency whose value is linked to the US dollar.
Specifically, tokens worth US $ 30,950,010 were stolen. With cryptocurrencies, it is customary to first sell such tokens for money, these then serve as seed capital at the start of the currency and are exchanged for units of the currency. In many countries there is already a regulation of such initial coin offers (Ico), others strive for this.
Users should pay attention to which tokens they currently accept
The tokens in question were sent to the wallet called 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r. Tether advises users to accept no tokens from there, as these are not redeemed. Currently trying to get the tokens elsewhere. For security reasons, the trade in the attacked back-end wallet has since been discontinued.At the moment, Omni Core software is also being redesigned. This serves to process transactions. The update is intended to prevent a trade in the stolen assets from taking place. Since the changed software deviates from the previous consensus model, it is ultimately a Hardfork, as the makers themselves write. Again and again after hardships with cryptocurrencies hardforks are performed, such as at Ethereum.
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