November 2017: $31M $USDT vanished from Tether's treasury wallet 🚨
This was the moment that kicked off years of FUD around Tether's reserves and transparency. The hack (or whatever it was) forced them to hard fork and blacklist tokens.
Wild to think this happened when $USDT market cap was under $1B. Now it's the backbone of crypto liquidity at $140B+.
If you weren't around for this, you missed the early days of stablecoin drama that shaped how we think about custody and reserves today.
This was the moment that kicked off years of FUD around Tether's reserves and transparency. The hack (or whatever it was) forced them to hard fork and blacklist tokens.
Wild to think this happened when $USDT market cap was under $1B. Now it's the backbone of crypto liquidity at $140B+.
If you weren't around for this, you missed the early days of stablecoin drama that shaped how we think about custody and reserves today.