Controversial stablecoin Tether is going through a rough phase losing nearly 20% of its valuation in a week’s time with the decrease in USDT circulation in the crypto market.
Tether is yet to come clean on its alleged involvement with Bitfinex exchange and issuing USDT tokens which are alleged to have been not backed by the U.S Dollar.
Startup Tether is the fresh victim of online malicious attacks reporting tokens worth $31 million being stolen from its wallet.