Even a $31 Million Hack Couldn't Keep Bitcoin Down
- Theft follows a string of hacks on cryptocurrency exchanges
- Tether is used by bitcoin venues to help facilitate trades
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Bitcoin hit a record high, shrugging off earlier losses posted after the $31 million theft of a cryptocurrency peer renewed concern about the security of digital coins.
The company behind tether, a cryptocurrency used by bitcoin exchanges to facilitate trades with fiat currencies, announced the theft on Tuesday. It said in a statement that a “malicious” attacker removed tokens from the Tether Treasury wallet on Nov. 19 and sent them to an unauthorized bitcoin address. The company said it’s trying to prevent the stolen coins from being used.