You mean until the hacker starts sending some money to known exchange addresses and tether cold storage addresses, infecting everything?
EDIT: it appears I was wrong!
Re:Tether Critical Announcement
by ActsJuvenile on Tuesday November 21, 2017 @01:54AM
(#15746179)
Tether patch invalidates the root transaction, so child transactions don't matter. Check it out on Github.
Re:Tether Critical Announcement
by iamthirsty on Tuesday November 21, 2017 @01:57AM
(#15746190)
Not everyone has to/will update their clients, though.
Tether won’t honor the tethers anyway
That’s not the issue. The issue is rendering the USDT useless because recipients don’t know if they’ve been paid with “actual” USDT or “fake” USDT.
has anyone checked to see if this money has already spread to downstream addresses? It's possible the damage is already done and exchanges have accepted money from the poisoned address.
Check yourself. It has not moved yet: http://omniexplorer.info/lookupadd.aspx?address=16tg2RJuEPtZ...
Re:Tether Critical Announcement
by ActsJuvenile on Tuesday November 21, 2017 @01:55AM
(#15746185)
Unless the address in question was an Exchange deposit address. In that case hacker has purchased $30mm worth of Bitcoins in a matter of hours and moved them out immediately without needing to move Tether anywhere.
There was already a BTC price spike on Nov 19.
This change was from 14 hours ago: https://github.com/tetherto/omnicore/pull/1
Couldn't you just try to find exchanges where Tether volume spiked around that time?
Participating exchanges have to upgrade their omni/tether clients or they run the risk of accepting the unredeemable tethers for which their customers will hold them liable. Omni's design allows tether to track all the disavowed tethers so there's no risk of payout to addresses downstream of this one.