Controversial cryptocurrency developer Tether says it will not give in to extortionists who are demanding a 500 Bitcoin ransom payment (currently worth approximately US $24 million). According to a series of tweets posted by the blockchain and cryptocurrency organisation this weekend, it received a ransom demand on Sunday, warning that if payment was not made within 24 hours, sensitive documents would be leaked online that would “harm the bitcoin ecosystem.” Screenshots published online purport to show “dubious communication between employees of Tether, Deltec Bank & Trust, and other parties”.

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