From Coindesk
Tether, a Santa Monica-based startup that provides a dollar-pegged token, has said it plans to launch a new platform following a claimed security breach in November.Read more:In a notice on its website, Tether lists some of the steps taken to recover from the hack that is claimed to have stolen $30 million-worth of its tokens, as well as updating users on how they can redeem funds that are still held on the platform.
As previously reported, following the breach, the Omni Foundation platform, which developed the bitcoin-based software protocol upon which Tether tokens are built, released a new version of the Omni Core software client that froze and "blacklisted" the stolen tokens.
Tether states:
"In this way, Omni could prevent them from being used at a protocol level. This action was not taken lightly and has allowed Tether to safeguard against any further potential disruptions to the ecosystem in an effort to protect the entire community."
I really like the idea of Tether and I don't want them to fail and bring the whole crypto space down with them. I hope they figure this out.
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