According to ChainArgos, a blockchain intelligence firm, the situation surrounding TEURO has become increasingly complex. TrueUSD, the stablecoin company responsible for currencies like TUSD and TGBP, has publicly stated that they have no association with TEURO. However, it is undeniable that the TEURO contract was deployed using one of TrueUSD’s private keys, ChainArgos says.
TrueUSD confirmed a security breach as of the latest September 18, 2023 update. Considering that TEURO was deployed ten days prior, it raises a compelling hypothesis, according to the blockchain firm.
TrueUSD’s Private Key Vulnerability Exposed
ChainArgos argues that an entity appears to possess some of TrueUSD’s private keys, which suggests that TrueUSD may not have fully disclosed the extent of the security breach.
The $TEURO plot thickens:
Apparently TrueUSD (the stablecoin company behind things like $TUSD, $TGBP, etc) claims to “have zero affiliation” with $TEURO. However the $TEURO contract was ina
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