Cryptocurrency Q&A
Has Tether ever been hacked?
Has Tether ever been hacked?
lucas_emma_entrepreneur
Sat Oct 19 2024
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7 answers
1273
Tether, the issuer of USDT, suffered a hacking incident in November 2017, where 30.95 million USDT were stolen from the Tether Treasury wallet and sent to an unauthorized Bitcoin address. Tether responded by temporarily suspending its tether.to backend wallet service, conducting a thorough investigation, and releasing a new version of the Omni Core software to help lock the stolen tokens.
7 answers
Arianna
Mon Oct 21 2024
The Ethereum data breach highlights the importance of ongoing security audits and updates for blockchain platforms. Without regular checks and improvements, vulnerabilities can be exploited, leading to significant financial losses.
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Skywalker
Mon Oct 21 2024
The incident also underscores the need for robust wallet security practices. Users should ensure their wallets are protected with strong passwords, two-factor authentication, and other security measures to minimize the risk of theft.
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BitcoinWarrior
Mon Oct 21 2024
The Ethereum network faced a significant security challenge when it was hacked. The attack Leveraged a vulnerability within the platform's programming, specifically the Create2 opcode.
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PulseWind
Mon Oct 21 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive services. BTCC offers a range of products and services to cater to the diverse needs of its customers.
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SolitudeEcho
Mon Oct 21 2024
The Create2 opcode allowed attackers to generate new contract addresses in a manner that bypassed typical wallet security measures. These newly created addresses served as hiding spots for the stolen cryptocurrency assets.
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