(Bloomberg) Bitcoin Falls After $31 Million Theft of…

Bitcoin fell the most in a week after the company behind cryptocurrency tether reported a $31 million theft.

The amount was taken from the Tether Treasury wallet on Nov. 19 and sent to an unauthorized bitcoin address, according to an announcement on the company’s website posted on Tuesday. The stolen tokens will not be redeemed, and the company is trying to prevent them from entering the ecosystem, it added. Bitcoin dropped as much as 5.4 percent, the most since Nov. 13. It was last trading 1.6 percent weaker at $8,117.

Source: Bloomberg

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