Analysis: Some Private Keys Used to Deploy TrueUSD May Have Been Leaked
On October 23rd, it was announced that stablecoin issuer TrueUSD clarified in a statement on October 16th that they have "no relationship" with TEURO. However, blockchain analysis company ChainArgos analyzed that the TEURO token contract was deployed using one of TrueUSD's private keys. Given that TrueUSD acknowledged being hacked no later than September 18th and TEURO was deployed 10 days ago, there seems to be only one explanation: 1. Someone has some of TrueUSD's private keys; 2. This means that TrueUSD may not have revealed the full truth about the extent of the hack;
3. Considering that someone (Justin Sun) successfully minted 850 million TUSD three days before the acknowledged hack date, the situation is especially dangerous. This means that at least it is possible that the reserve of TUSD has been stolen by someone holding the company's private keys.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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