Tether Freezes $3.29 Million in USDT Linked to Rhea Finance Hacker Address
Tether blocked funds tied to a wallet identified as connected to the Rhea Finance hack, while Chief Executive Officer Paolo Ardoino said on X that the company is treating the case seriously.
USDT
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Terms & Concepts
USDT: A U.S. dollar-pegged stablecoin issued by Tether, designed to maintain a 1:1 value with the dollar.
Stablecoin: A cryptocurrency designed to track a stable asset, most commonly a fiat currency such as the U.S. dollar.
Wallet address: A blockchain account identifier used to send, receive, and hold digital assets.