We have reported that on November 19 over $30M were stolen from Tether. Tether team has stated that they have been very cautious about providing updates prematurely regarding the November security breach, but finally the improvement time has come. In the light of past events Tether has decided to build a new platform.
Update: services are now being restored and we'd like to share additional information about the past month and what's next https://t.co/Qv4SdvizJJ
— Tether (@Tether_to) 21 December 2017
During the process of development of the new platform the current wallet services and all old addresses will be phasing out and discontinuing. Users are recommended not to attempt to deposit any funds to their old wallet or deposit addresses in order to prevent possible loss of funds. Moreover, new signups on the platform will be disabled.
What is more, the purchase or sale of Tether will not be possible directly through tether.to.
Tether is not the only service which stopped users registration, the new users of Bitfinex exchange now need the “invitation code” to register, which is nearly impossible to receive. Bittrex decided not to bother itself with “invitation codes” and just stopped new users' registration.
At the moment of press, these are main market parameters of Tether:
- Average price: $1,01
- Marketcap: $1 176 952 76
- 24h volume: $2 952 560 000