Tether mistakenly released and then destroyed 50 billion USDT on the blockchain TRON

On Saturday evening, July 13, the Issuer stablon Tether was unexpectedly released 50 billion USDT tokens on the blockchain TRON. Almost immediately issued tokens were burned, and instead released 50 million tokens, destined for the bitcoin exchange Poloniex .

Paolo Ardoino, CTO affiliated with Tether exchange Bitfinex, commented the situation as follows:

«In preparation for the transfer of emission with the Omni on Tron there is a problem with numeric digits tokens. Please check transaction for burning token».

The answer under the entry Arduino also left representatives of the exchange Poloniex.

«Paolo is right – this happened at a time when Poloniex using Tether has carried forward the USDT from one blockchain to another. Accidentally released an incorrect number of USDT, but then everything was adjusted to the required amount.»

It should be noted that the total number of outstanding tokens on the blockchain USDT Omni currently stands at 3.91 billion

Despite the quickly fixed the error that occurred has had time to exert a certain influence on price of bitcoin. The course is the first cryptocurrency was down in the second half of the day on Saturday at some point down the number of exchanges below $11 000, but immediately went up after it became known about the record of issue of Tron-USDT.

At some point the price of bitcoin has risen again close to $11 500, however, subsequently corrected. At the time of publication of BTC is trading around $11 180.


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