Giant theft reported 5% reduction in beta

Today, $ 31 million of tether coins have been reported. The Bitcoin has recovered and is trading at $ 8,200

Bitcoin fell to its highest level in the past week after the digital money company Tether reported a $ 31 million theft. The amount was taken from the virtual wallet of the tether coins on Nov. 19 and sent to an unauthorized Bitcoin address, according to a statement issued by the company today. The stolen coins can not be sold and the company tries to prevent them from entering the system. Bitcoin fell 5.4%, the sharpest decline since November 13.

The incident is the latest in a series of cybercrime that has compromised the security of users of encrypted coin network security. Such events cause investors to escape the virtual currencies, but Bitcoin has risen by 700% in the past year despite such events. Tether is the world's 19th largest virtual currency with a market cap of $ 673 million, according to Coinmarketcap.com.