Single Point of Failure: Tether prints accidentally 5 billion USDT

What can happen when crypto-companies print Token, shows a recent incident in Tether. The often-criticized FinTech has been on Saturday, the 13. July, accidentally five billion USDT printed and then burned. The crypto Motto No single Point of Failure, and true decentralization.

Well, there are Wal-alarms. The automated Bots scanning the various block chains, after a particularly voluminous transactions and publish their findings with a high range on Twitter.

last Saturday, the 13. July, attracted a USDT transaction to the attention of the crypto scene has it all: Tether, the company that contributes to the value of the parity between the USDT and the U.S. Dollar, responsibility, had accidentally five billion units of the Stable Coins in circulation.