Bitcoin Falls on $31m Hack of Cryptocurrency Peer Tether

(Bloomberg) Bitcoin slipped from a record after the $31 million theft of a cryptocurrency peer renewed concern about the security of digital coins. The company behind tether, a cryptocurrency used by bitcoin exchanges to facilitate trades with fiat currencies, announced the theft on Tuesday. It said in a statement that a “malicious” attacker removed tokens from the Tether Treasury wallet on Nov. 19 and sent them to an unauthorized bitcoin address.

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