The Curious Case of the 5bn USDT Misprint by Tether » NullTX

It has been at least a full week since the latest debacle involving Tether and USDT got some attention. This long wait is now over, by the look of things, as the company successfully printed $5bn USDT in quick succession, prior to burning the majority of these tokens shortly after. Speculation is running wild as to what has been going on exactly and why this was even possible in the first place. 

The 5bn USDT Inflation by Tether

There are dedicated Twitter accounts which keep track of any unusual development affecting the world’s leading cryptocurrencies, tokens, and assets. The Whale_Alert account is renowned in this regard, as it shows how things can easily get out of hand for unknown reasons. This account gained a lot of attention a few hours ago a sit reported a new influx of…

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Tether Mistakenly Prints $5 Billion

What incentives exist for pools to balance their population