Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether
Bitcoin performance of the last month has been extraordinary but had experienced a fall this week after the company behind cryptocurrency tether reported a $31 million theft.
We all know there is still a security issue with the crypto world. I had written about it and ways to secure your wallets.that being said let's get back to the $31 million theft. The amount was taken from the Tether Treasury wallet on Nov. 19 and sent to an unauthorized bitcoin address. A public announcement on the company’s website said the stolen tokens will not be redeemed, and the company is working on a to prevent them from entering the ecosystem. There are so many holes in the crypto world you can't detect Becker before is too late. Bitcoin took a hit and dropped 5.4 percent, the most since Nov. 13.