Tether receives 500 bitcoin ransom request but says it won’t pay

Hackers have threatened to release confidential company documents that allegedly belong to stable USDT issuer Tether.unless the company sends a 500 Bitcoin (BTC) ransom to a specific address.

As revealed on Tether’s official Twitter account on February 28th, Hackers allegedly threatened to leak documents that would “damage the Bitcoin ecosystem” if their ransom demands were not metTether said that before won’t pay the ransomThis corresponds to a dollar value of $ 23.8 million at the time of publication. The enterprise tweeted::

Today we also received a ransom note for 500 BTC sent to bc1qa9f60pved3w3w0p7snpxlnh5t4uj95vxn7977a7 the Bitcoin ecosystem. We won’t pay. “

The company said the blackmailers’ motives were unclear.and noted that it could be a simple steal of money or part of a larger effort to undermine Tether and the rest of the Bitcoin ecosystem.

Tether receives 500 bitcoin ransom request but says it won’t pay
Tether receives 500 bitcoin ransom request but says it won’t pay

It is unclear if this is a basic blackmail scheme as directed against other crypto companies or against individuals who seek to undermine Tether and the crypto community as a whole. In either case, those seeking harm to Tether become increasingly desperate.,TO tweetedThe Company.

Tether may have assumed the worst of his troubles had passed after the landmark case launched by the New York attorney general against the company was resolved.To end the legal uncertainty surrounding Tether in recent years, the company has been asked to pay a fine of $ 18.5 million and to submit regular reports on its reserves. The company said it did not admit that it committed a crime based on the New York court ruling.

February 28th, Tether warned to customers who forged documents spread on the Internet These were supposedly real communications between Tether and representatives of Deltec Bank and Trust.

“PSA: False documents allegedly belonging to @tether_to employees and representatives from Deltec Bank Trust and others are circulating online. The documents are false.”

The tweet and the Twitter account from which the documents were published have since been deleted., although peripheral discussions about posts can still be found on Reddit.

Now Tether will ask the authorities for help in what it considers a “rather sad attempt at repression”.A tweet from the company explained::

While we believe this is a pretty sad attempt at repression, we take it seriously. We reported the false notices and the associated ransom note to law enforcement agencies. As always, we will wholeheartedly assist law enforcement agencies with an investigation into this extortion scheme. “

The deadline by which Tether was sentenced to pay the ransom of 500 BTC has expiredCointelegraph contacted Tether to see if there had been any further developments on the matter and this article will be updated if we receive a response.

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