Crypto Blog
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.
ChainArgos said it is reasonable to consider that the reserves of TUSD, namely the bank accounts, might have been compromised by someone with access to the project’s private keys, which warrants scrutiny and investigation.out that stealing money from a bank using private keys is impossible. They believe the stability of the peg will be tested in the upcoming days or weeks, and that will be the only way to assess the situation truly.
Moreover, it’s crucial to remember that the hacker compromised private keys and individuals’ bank information and identification in this situation. Combined, these elements provide a substantial foundation for potential harm, particularly ifand possess predefined limits on minting and redemption.
1/3 If they legitimately did not create TEURO as stated then I would agree the deployed private key is probably compromised since the TUSD deployer also deployed the TEURO contract.The subsequent actions involving TEURO tokens add an intriguing layer to the situation: 0x465 transferred 2 million TEURO to 0x9132, which then facilitated the bridging of 13 ETH to Arbitrum and subsequently back to the Ethereum mainnet, ultimately ending up at 0x472.
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