Hackers have threatened to release confidential company documents, which allegedly belong to the issuer of USDT Tether stablecoin, unless the company sends a ransom of 500 bitcoins (BTC) to the specified address.

According to Tether’s official Twitter account on Sunday, hackers have threatened to leak documents “that will harm the Bitcoin ecosystem” if the ransom is not met. Tether has already said it will not pay a ransom, which was $ 23.8 million at the time of publication. The company tweeted:

“Today we also received a ransom of 500 BTC to send to bc1qa9f60pved3w3w0p7snpxlnh5t4uj95vxn797a7. The sender said that if they did not receive BTC tomorrow, they would leak documents to the public to“ harm the Bitcoin ecosystem. ”We are not paying.
The company said the motives for the ransomware were unclear, stating that it could only have raised funds or part of a larger attempt to undermine Tether and the rest of the Bitcoin ecosystem.

“It is unclear if this is a fundamental extortion scheme similar to that targeting other crypto companies or individuals who want to undermine Tether and the crypto community as a whole,” the company wrote on Twitter. “In any case, those who seek to harm Tather become more desperate …”

Tether may have suggested that the worst problems were behind her after a settlement was reached in a landmark case brought by the New York City Attorney’s Office against the company. To put an end to the legal uncertainty surrounding Tether in recent years, the company has been ordered to pay a $ 18.5 million fine and file regular ownership reports. The company confirmed that it had not admitted any wrongdoing after the New York court ruling.

On Sunday, Tether warned clients about trading fake documents online that were alleged to be genuine letters between Tether and representatives of Deltec Bank and Trust.

PSA: The fake documents are circulating online, allegedly @ tether_to employees, representatives of Deltec Bank & Trust, and others. Forged documents. ”
The Twitter and Twitter account from which the documents were posted has since been removed, although the oceanic discussion of the posts still resides on Reddit.

Tether will now turn to the authorities for help in what he sees as a sad blackmail attempt. The company tweet says:

“Although we believe this is a somewhat unfortunate attempt to explode, we take it very seriously. We have reported to the police about the false reports and the corresponding ransom. As always, we will support law enforcement agencies in investigating this extortion scheme.”
The deadline passed when Tether was ordered to pay a ransom of 500 BTC since then. A Tether spokesperson confirmed in a speech to Cointelegraph that the documents were forged. They stated that copies of the threats were sent to the police and that the company was not aware of the ransomware.