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Tether Freezes $4.5 Million Linked to Mercado Bitcoin Hack as Attacker Holds $46 Million
(21 hours ago) · 1 source · Summarized by CryptoBipto
Tether has frozen $4.5 million in USDT connected to a hacker who reportedly exploited Mercado Bitcoin, a major Brazilian cryptocurrency exchange. The attacker is reported to still hold approximately $46 million in various cryptocurrencies. The freeze is part of efforts to limit the hacker's ability to move stolen funds.
WHY IT MATTERS
When you hold cryptocurrency on an exchange, you are trusting that exchange to keep your funds safe, much like trusting a bank with your money.
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SOURCES
- cryptoslate.com
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USDTExchange HackTetherStablecoin FreezingCrypto SecurityBrazil
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