Tether freezes wallet after Ledger ConnectKit hack incident
In a significant development within the cryptocurrency sector, Tether, the organisation behind the prominent USDT stablecoin, has taken decisive action against a cyberattacker. This response came after the attacker exploited a vulnerability in the Ledger ConnectKit library, leading to substantial fund drainage from various decentralized finance (DeFi) protocols. Tether’s Chief Technology Officer, Paolo Ardoino, announced…