Today's Cryptocurrency Gaffe: Hacker Makes Off With $30 Million in Tether

Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether

Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether

In short, questions have been circulating whether Bitfenex had the $400 million in reserves to back its tokens, or whether Tethers, issued without dollar asset backing, were being used to buy Bitcoin to drive up Bitcoin prices-an insider move benefitting the combination who engineered the maneuver.

Cryptocurrencies and related stocks are on a tear Tuesday despite some negative news in the sector, a demonstration of strong investor preference for the asset class. Bitcoin, the mother of all digital currencies, steamrolled to another record. The bitcoins were maliciously transferred from Tether to the following address: 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r by the hacker.

Those behind the alleged theft of $31 million worth of Tether's United States dollar-backed tokens were also involved in a high-profile hack two years ago, a cybersleuth has concluded from available blockchain data.

Supreme Court takes notice of Faizabad sit
However an Ulema Dialogue Committee headed by Pir Hussain-ud-Din was formed to resolve the Faizabad sit-in issue amicably. The change, dubbed a clerical error by the government, was immediately fixed as an amendment was passed later.

The firm behind a cryptocurrency called Tether said that $31 million was taken from the Tether Treasury wallet on November 19 in the wake of a hack. However, it now requires other users to install an update.

"These builds should prevent any movement of the stolen coins from the attacker's address", Tether said in its statement.

Tether added that the stolen tokens won't be redeemed but will be flagged to prevent the hacker from exchanging them through its service. A thorough investigation on the cause of the attack is being undertaken to prevent similar actions in the future. Again, any tokens from the attacker's address will not be redeemed.

Rainbow Six Siege White Noise Operator Detail Breakdown
It looks like Ubisoft did well enough with that extra content that Siege will get supported into 2018, as well. Rainbow Six Siege's Year 2 Season 4 update is Operation White Noise, a South Korea-themed expansion .

Tether and Bitfinex, which have worked together since at least 2014, sued Wells Fargo & Co.in April after the bank cut off access to USA dollar wire transfers, which the companies say they relied on to send money back to customers. "We appreciate the community's patience, understanding, and support while we work to rectify the situation".

There are also theories that suggest this was an inside job.

Tether has sought to position itself at the center of the crypto ecosystem by helping online exchanges facilitate trades using currencies like the dollar, euro and yen.

Uber orders 24000 Volvo XC90s for driverless fleet
The first taxis from the deal will be built in Volvo's factory in Sweden but the company plans to produce the vehicles in the U.S. The agreement envisages that the pick-up service will purchase the vehicles over the course of three years beginning in 2019.

Coindesk also reported that Tether had links to Bitfinex - a Hong Kong-based exchange that reported a hack previous year blamed for about $65m of losses - although the report added that the "nature of the connection" was unclear.

Recommended News

  • Terror designation a way to hike North Korea pressure

    Terror designation a way to hike North Korea pressure

    House of Representatives had sent a letter to the State Department calling for North Korea's re-designation on the terror list. Earlier this month, another North Korean media outlet said Mr Trump was " sentenced to death " for his attacks on Mr Kim.
    In coma since 2008, former Indian minister dies at 72

    In coma since 2008, former Indian minister dies at 72

    A former union minster, Priya Ranjan Dasmunsi had been admitted at the Apollo Hospital in the national capital. The Congress leader served as the president of the All India Football Federation for almost two decades.
    Alibaba Readies $2.9B Investment In Chinese Grocer Sun Art

    Alibaba Readies $2.9B Investment In Chinese Grocer Sun Art

    Sun Art Retail Group is China's leading hypermarket operator that operates 446 hypermarkets across 224 cities in mainland China. However, unlike Amazon, the Chinese firm already has made major investments in the offline retail previously.
  • Zimbabwe's President Robert Mugabe resigns

    Zimbabwe's President Robert Mugabe resigns

    Mugabe had faced growing pressure to resign since last week, when the military took over state institutions and the ruling ZANU-PF party called on him to step aside.
    Kurdish referendum unconstitutional, rules Iraqi Federal Court

    Kurdish referendum unconstitutional, rules Iraqi Federal Court

    The court is responsible for settling disputes between Iraq's central government and its regions, including Kurdistan. Kurds voted on September 25 to break away from Iraq - the vote was deemed "illegal" by Baghdad officials.
    Vivo V7 With 24 Megapixel Front Camera Launched In India ₹18990

    Vivo V7 With 24 Megapixel Front Camera Launched In India ₹18990

    The Smartphone bears 32GB of inbuilt storage that is expandable through microSD card (up to 256GB) with a devoted aperture. The smartphone will be available from November 24 exclusively on Flipkart followed by other retail stores across India.
  • Syrian president Bashar Assad meets with Russia's Putin in Sochi

    Syrian president Bashar Assad meets with Russia's Putin in Sochi

    The protests developed into an armed uprising and a civil war that has killed hundreds of thousands of people and displaced millions.
    FCC To Roll Back Net Neutrality Rules

    FCC To Roll Back Net Neutrality Rules

    One Reddit thread has already reached more than 3000 comments in just three hours, with many users accusing the FCC of corruption. Chairman Pai had said earlier this year that the 2015 net neutrality rules were a burden to businesses and innovation.
    Ad encourages GOP senator to vote no on tax bill

    Ad encourages GOP senator to vote no on tax bill

    Collins did not say how she would vote on the bill. "As you know, it does not have the individual mandate in it", Short said. Mulvaney noted that obviously less Americans would be covered by health insurance if no longer required to purchase it.
  • Iranian Man Charged In HBO Hack That Released 'Game Of Thrones' Script

    Iranian Man Charged In HBO Hack That Released 'Game Of Thrones' Script

    The court papers do not accuse Mesri of working on behalf of the Iranian government when he allegedly infiltrated HBO's networks. The hacker in this instance is Behzad Mesri from Iran, and has previously worked for the Iranian military, according to the DOJ.
    Manushi Chhillar's Response To Tharoor's 'Chillar' Remark Shows She Is A victor

    Manushi Chhillar's Response To Tharoor's 'Chillar' Remark Shows She Is A victor

    The NCW chief said, "He hasn't hit below the belt only the girl but also the nation because she got fame & name to the nation". Following her win, Chhillar tweeted, "Thank you, everyone, for your constant love, support".
    National Weather Service: Bright and chilly Monday for Shelter Island

    National Weather Service: Bright and chilly Monday for Shelter Island

    Temperatures Wednesday morning will bottom out in the low to mid 20s with afternoon highs only in the 40s, despite sunny skies. Winds will pick up and remain out of the south around 10 to 20 miles per hour , gusting as high as 25 miles per hour .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.