> Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet […] > […] they have been flagged and will not be redeemable by Te

> Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet […] > […] they have been flagged and will not be redeemable by Tether for USD. How will this ever work in real life? If I yesterday — right after the hack, but before the announcement — in good faith received $1m in USDT, and paid in Bitcoin, who’s liable? In effect, this policy just shifts the financial burden to innocent people, who may have paid e.g. Bitcoin in exchange for “fake” USDT in good faith. The issuer needs to take sole responsibility for this. Not because it’s the right thing to do, but because the USDT is useless otherwise. How can it be used for payments if the issuer can make a blog post saying “by the way, if you received USDT from this guy then you have nothing”?