A two-key breach could hand control of $91 billion in USDT to hackers, report finds
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A Hacken technical review concluded that approximately $91.3 billion in USDT issued on Tron is dependent on a 2-de-3 multi-signature wallet without timelock or reversal mechanism. That means that, in a two-key administrative engagement scenario, an attacker could take control of USDT’s contract, issue tokens, freeze addresses, or reallocate system ownership. *** Hacken identified that about half of USDT’s circulating supply depends on a 2-de-3 s…
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A two-key breach could hand control of $91 billion in USDT to hackers, report finds
The rating agency's new framework combines Wall Street financial auditing with Web3 code reviews to evaluate both off-chain reserves and on-chain security.
Hacken Scores Tether 3.3/10 as $91B in USDT Sits Behind Two Keys
Blockchain security firm Hacken found that $91.3 billion in USDT on Tron is governed by a 2-of-3 multisig with no timelock or reversal window. Bluechip upgraded Tether's corporate grade anyway. The two scores measure different things, and conflating them is the real risk.
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