More info on Tether hackers arrives from the open blockchain data

Observers often note that while many criminals consider cryptocurrency a good anonymization tool, in many cases the digital currency transfers of stolen funds can be traced via public blockchain data. This measure has helped to shed more light on the nature of those hackers who recently managed to steal funds from Tether, a platform that issues its own tokens, as the management assures, backed by fiat currencies.

Looks like this was not the first crime ever in the history of the miscreants. At least, the users of Reddit are sure of it, posting theories plausible enough for CoinDesk to repeat them. One user, for example, suggests that the same group hacked Bitstamp in 2015, and this is not all: these hackers, whose names we still unfortunately do not know, are also connected to Huobi thefts (Huobi being a Chinese Bitcoin exchange).

The law enforcement bodies responsible for finding those hackers should at least read through this theory and check if it’s actually true. The blockchain public data already helped to reveal human traffickers through the mempool scan developed by American scientists.

And how the market reacted to the hack since it occurred? Experts from FxPro, who often supply our site with their usually astute reports on the current market situation, tell that the demand was so high that Bitcoin has managed to quickly restore after drop. In other words, that unfortunate event with Tether did not break the market trend.