Whale Alert is a Twitter account focussed on reporting large cryptocurrency transactions. The account initially noted that 50 million USDT tokens were transferred from cryptocurrency exchange Poloniex to the Tether Treasury via the Omni protocol on the Bitcoin (BTC) blockchain.
Tether CTO Paolo Ardoino elaborated the reason with a tweet. Tether meant to perform a swap of 50 million Omni-based USDT tokens to the Tron blockchain, however a mistake was made with the decimals. Cryptocurrency exchange Poloniex confirmed in a tweet:
“Paolo is correct – this occurred while Poloniex was conducting a USDT chain swap with the help of Tether. An incorrect amount of USDT was accidentally minted, and this has since been resolved to the intended value.”
Read more:Crypto And Blockchain Weekly Wrap Up – 08 July 2019 – 14 July 2019
bestadmin
