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

By Abhimanyu Krishnan | 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

How do you rate this article?



Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


Official Publish0x Crypto News Channel

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.