In a significant move within the cryptocurrency market, Tether has increased its Bitcoin holdings by acquiring an additional 8,888 Bitcoin, valued at approximately $627 million. This purchase, confirmed through wallet checks and on-chain data, positions Tether as the seventh-largest Bitcoin holder globally, with a total holding of 75,354 BTC worth around $5.2 billion. This acquisition marks Tether's continued investment in Bitcoin, following a similar purchase of 8,888 BTC in the previous quarter. The transaction was noted to have been made from Bitfinex to one of the richest Bitcoin addresses, speculated to be Tether's. This strategic investment comes amidst a broader context of cryptocurrency security concerns, with March witnessing a decrease in crypto hacks but still significant losses. Approximately $79 million was lost to exploits, hacks, and scams, with about $69 million recovered, marking a 48% decrease from February. The incidents included phishing (~$21m), exit scams (~$5.7m), flash loans (~$21.9m), and exploits (~$52.1m), highlighting ongoing security challenges in the Web3 space.
Tether Amplifies #Bitcoin Holdings With Strategic 8,888.88 BTC Addition https://t.co/QgqY50FKHL
.@Tether_io continued to add to its #bitcoin stack, with on-chain data showing another 8.9K BTC moved to its wallet over the weekend. @SteveAlpher reports https://t.co/lm2pAAn9Sg
๐ SlowMist Monthly Security Report: March๐ In March, we witnessed 33 major security incidents in the Web3 space, with ~$139M in losses. Main takeaways: -Four projects (Munchables, Super Sushi Samurai, Dolomite, Unizen) was able to recovered $68.46M of stolen funds. ๐ช -โฆ
๐ง Explore our Monthly Security Review for March 2024! https://t.co/DfoOGfXp0o Dive into Marchโs $81 million DeFi exploits, tune in to Blocksec's insightful talk at #ETHDenver2024, learn about our collaboration with @blockscoutcom, and more. ๐ก๏ธ #SecurityReview #DeFi
$USDT ISSUER TETHER ON A BITCOIN BUYING SPREE?! - @Tether_to, the company behind the $100 billion $USDT stablecoin, now holds an eye-watering $5.2 billion worth of Bitcoin. - This follows its purchase of some 8,888 $BTC in the first quarter of 2024, which brings its totalโฆ https://t.co/ftWMrCZDtT https://t.co/L2AiVCBn5l
๐จJUST IN: TETHER OF $USDT NOW HOLDS MORE THAN $5 BILLION WORTH OF $BTC
Stablecoin issuer Tether made headlines on March 31, as it acquitted 8888 Bitcoin, valued at $618 million https://t.co/38Wzk9hOfw
$100M IN CRYPTO STOLEN IN MARCH HACKS RECOVERED: PECKSHIELD - Blockchain security firm @peckshield has revealed that nearly $100 million in digital assets stolen during March hacks have been successfully recovered. - According to PeckShield's data released on April 1, a totalโฆ https://t.co/yURDAHkO3l https://t.co/ZHaKeC72Ex
Tether's Bitcoin holdings cross $5B mark after first quarter's $627M purchase https://t.co/Ud3xohnMDe
#Tether buys 8,888 bitcoins as $USDT asserts stablecoin dominance ๐๐ธ Which stablecoin do you use? ๐ฐ Click below for the full report ๐๐๐ https://t.co/j3nWxsVYQt https://t.co/dQIl2YKPbL
March saw a month-over-month decrease in crypto hacks: PeckShield https://t.co/5lG5vOdqmS
Tether's bitcoin holdings cross $5 billion mark after latest purchase https://t.co/DAwr01Hg70
01 Apr: Tether Buys More #Bitcoin Happy Monday Folks! Tether has smashed the buy button once again. Read, Watch, and LISTEN! https://t.co/kS9XXYvPKi
With the latest acquisition of 8,888 #Bitcoin, @Tether_to becomes the seventh-largest holder globally, holding 75,354 $BTC worth $5.2 billion. https://t.co/13qSTd5QHV
๐ก๏ธ Step up your #Web3Safety game! Our latest blog unveils key strategies for securing your digital assets & privacy in the blockchain space. We are NOT getting scammed in 2024 right?. Check out more details: โก๏ธ https://t.co/ItmZ5nl0c9 https://t.co/tTL1M7yMFG
#PeckShieldAlert @OpenLeverage has been exploited for ~$236K https://t.co/qKQ9K8OUth
#PeckShieldAlert The 7th richest #Bitcoin address (#Tether?), as per the current ranking, received ~8,889 BTC (worth ~$627m) from #bitfinex within the last 12 hours. https://t.co/Ak7AWYKwgI
It's the end of the quarter & Tether bought 8,888 #Bitcoin Last buy was on 12/31, also 8,888 $BTC๐ https://t.co/GpYKnzpEqa
Another $600M of $BTC purchased by Tether this quarter. Wallet checks out with previous purchases https://t.co/q3XTwrJkxb
#CertiKStatsAlert ๐จ Combining all the incidents in March weโve confirmed ~$79m lost to exploits, hacks and scams after ~$69m was returned. The total is a 48% decrease from February with phishing accounting for ~$21m Exit scams: ~$5.7m Flash loans: ~$21.9m Exploits: ~$52.1mโฆ https://t.co/vdZN2S25K1