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Tether Prints then Burns 5 Billion USDT
Summary: A Twitter account, which dedicates its tweets covering large crypto-transactions, reported that 50 million USDT were transferred from Poloniex to the Tether Treasury. The twitter account also noticed that the Tether Treasury had unintentionally printed about 5 billion USD worth of its cryptocurrency token, and proceeded to burn it. Then they printer another 50 million ...
A Twitter account, which dedicates its tweets covering large crypto-transactions, reported that 50 million USDT were transferred from Poloniex to the Tether Treasury. The twitter account also noticed that the Tether Treasury had unintentionally printed about 5 billion USD worth of its cryptocurrency token, and proceeded to burn it. Then they printer another 50 million USDT and again burned another 4.5 million. In a tweet, the CTO of Tether, Paolo Ardonio explained that “While preparing the issuance for Omni to Tron swap there has been an issue with the token decimals. Please check the burn transactions below.”
Author: Sofia Cabrera
Tags: Cryptocurrency,Paolo Ardoino,Tether,Twiiter,USD,USDT
Link: Tether Prints then Burns 5 Billion USDT [Copy]
