Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met.
Tether Not Paying the Ransom
However, in its statement dismissing the threat, Tether says the blackmailers were attempting to extort money using “forged documents.” According to Tether, the documents purport to show an interaction between Tether personnel and representatives of Deltec Bank. Still, in a Twitter thread, Tether says it will not send the 500 BTC which the blackmailers want to be paid by March 1.
The stablecoin issuer also says a formal report about the ransom demand has been made to law enforcement. Tether tweeted;
We have reported the forged communications and the…