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Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat

Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat



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  1. Tether has consistently had FUD surrounding it since I entered the space in early 2017. Frankly I don’t believe the 30+ billion in tether that is growing everyday is still backed 1:1 by the dollar equivalent. Someday we will see the true story behind the closed doors that is tether it’ll be interesting to see.

  2. tldr; Tether has claimed that it is the victim of an extortion attempt. The stablecoin issuer said the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met. The blackmailers were attempting to extort money using “forged documents.”

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. I bet my right ball that they will use this excuse to print 500btc worth of tether and call it leveraged with value from the documents ![gif](emote|emo_pack_1|dyor)![gif](emote|emo_pack_1|dyor) ez money ez life

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