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Stolen Tethers were transferred to a known Bitfinex Exchange deposit address. The hackers bought Bitcoins within an hour and took off with their loot. Reversi

• modeless 9y ago
  Source? Edit: found this: https://www.reddit.com/r/btc/comments/7e1840/the_30000000_usdt_printed_two_days_ago_have/ https://www.reddit.com/r/btc/comments/7e1840/the_30000000_us... It seems like people did in fact notice the $30m being deposited on Bitfinex and being used to buy Bitcoin, all before it was known to be stolen. Difficult to confirm a thing like this, but I wouldn't bet against it.
• status418 9y ago
  No, that is what people are thinking but its not a known bitfinex address. I think what was happening is that people are following tether issuance very closely, and every time new tethers are created they start buying bitcoin.Thats why the price went up when those $30m started to move. I also have a hard time understanding why they need to issue fake tether to drive the price up as everybody is suggesting. They own bitfinex, they can just add money that doesn't exist to the balance books and nobody would even notice, why do it in a completely transparent way? Makes no sense to me.