Tether Returns $1M to User Who Sent Funds to Swerve Contract

Tether Returns $1M to User Who Sent Funds to Swerve Contract

By Abhi K | News | 15 Sep 2020


Tether officials have returned $1 million to user following a mistaken transaction, as revealed by a tweet posted by Tether (USDT) and Bitfinex CTO Paolo Ardoino in early September.

  • A Discord screenshot shows that the user had sent $1 million to a Swerve Finance smart contract
  • Ardoino responded to the tweet, saying that if the USDT was stuck on the address, it would be possible to recover it
  • The individual wrote an email to Tether as requested, and the money is expected to be returned in a few weeks
  • Swerve Finance is a fork of Curve Finance; the Swerve team says the design makes for a fairer liquidity pool platform as compared to Curve

Abhi K
Abhi K

Technophile, cryptocurrency enthusiast and journalist.


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