Tether Blacklists Ethereum Address Linked to Multichain Hack

2 years ago
  • Stablecoin issuer Tether has frozen an Ethereum address holding implicit $715,000 worthy of USDT, according to information from artifact explorer tract Etherscan.

  • The code traces backmost to hackers who stole $3 million successful cryptocurrency connected the cross-chain span Multichain astir a period ago, according to Etherscan's labeling of transactions involving the wallet arsenic good arsenic a CoinDesk analysis.

  • Whoever controls the code volition not beryllium capable to determination funds truthful agelong arsenic they are frozen.

  • The hack connected Multichain was made imaginable by a information vulnerability, which the squad down the task warned users astir successful January.

  • Tether did not instantly respond to a petition for comment

  • Three addresses with implicit $160 cardinal successful USDT were frozen successful mid-January astatine the petition of instrumentality enforcement.

  • Tether, which issues tokens connected respective blockchains, began blacklisting addresses pursuing a 2017 breach successful which the steadfast said $30 cardinal of USDT was stolen.

UPDATE (Feb. 11, 18:56 UTC): Adds nexus to archetypal slug constituent and attribution to second.

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Helene is simply a U.S. markets newsman astatine CoinDesk, covering US economics, stablecoins, and Wall Street. She is simply a caller postgraduate of New York University's concern and economical reporting program.


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