On February 22, 2025, Tether's CEO, Paolo Ardoino, announced on platform X that the company had frozen 181,000 USDT related to the Bybit exchange attack. Although the amount is not large, Ardoino emphasized that this is an effective measure to prevent the use of stolen assets.
Tether will continue to monitor the situation and is ready to coordinate with exchanges and regulatory authorities to prevent the withdrawal or laundering of stolen USDT.
Bybit has not disclosed details about the attack, but Tether's swift action helped mitigate some damage and demonstrated a commitment to supporting a safer crypto ecosystem.
The incident continues to highlight the security challenges in the cryptocurrency industry and the importance of cooperation between exchanges, stablecoin issuers, and regulatory authorities to combat cybercrime.
#Tether #PaoloArdoino #bybit
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