THELOGICALINDIAN - Just canicule afterwards the cessation of its longrunning altercation with the Office of the Attorney General of New York Tether says it is now a victim of an extortion attack According to the stablecoin issuer the blackmailers are aggressive to absolution abstracts they affirmation will abuse the bitcoin ecosystem if their appeal for the acquittal of 500 bitcoins is not met
Tether Not Paying the Ransom
However, in its account absolution the threat, Tether says the blackmailers were attempting to blackmail money application “forged documents.” According to Tether, the abstracts acceptation to appearance an alternation amid Tether cadre and assembly of Deltec Bank. Still, in a Twitter thread, Tether says it will not accelerate the 500 BTC which the blackmailers appetite to be paid by March 1.
The stablecoin issuer additionally says a academic address about the bribe appeal has been fabricated to law enforcement. Tether tweeted;
Meanwhile, in his own tweet, Bitfinex and Tether CTO Paolo Ardiono analogously dismisses the bribe demand. He repeats the affirmation that while the advance is acutely aimed at Tether, the attackers’ “main ambition is to discredit bitcoin and all crypto.”
Leaked Emails
The CTO additionally goes on to allotment the screenshot of a February 27 cheep from a user activity by the name Trolly McTrollface. According to the screenshot, McTrollface claims to be in control of a leaked email from Tether to Deltec which the user says “is a acute allotment of the puzzle.”
Following the cessation of the long-running investigation, the Office of the Attorney General (OAG) determined that both Tether and Bitfinex had “recklessly and unlawfully covered-up massive banking losses to accumulate their arrangement activity and assure their basal lines.”
However, in its statement, the OAG alone acknowledges that the Bahamas-based Deltec Bank is Tether’s banker. The OAG did not say annihilation about the declared email anachronous May 3, 2024, wherein Tether cadre are allurement Deltec assembly for advice “in presenting their affluence in the best accessible light.”
Consequently, Tether is labeling the latest rumours and the tweets “a appealing sad attack at a shakedown.”
What are your thoughts on Tether’s latest predicament? You can allotment your angle in the comments area below.
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