Tether crypto-currency operator reports $31m raid

Tether crypto-currency operator reports $31m raid
 

The company behind the digital currency Tether has said that close to $31m (£23.4m) worth of its tokens have been stolen.
The Hong Kong-based company said it had taken action to prevent the thieves from redeeming the funds but now required other users to install an update.
It follows a series of other recent scandals involving crypto-currencies.
Bitcoin fell on the news but soon recovered most of its lost ground.
Unlike many digital currencies, which tend to fluctuate wildly against the dollar, Tether is pegged to the US currency.
This is supposed to protect investors from the volatility... read more

 
21 November 2017 in Science &Technology, Views: 46
Source: BBC
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