A two-key breach could hand control of $91 billion in USDT to hackers, report finds
60-second summary
A new rating‑agency framework reveals a two‑key vulnerability that could let hackers seize control of roughly $91 billion in USDT, merging Wall Street‑style financial audits with Web3 code reviews to assess both off‑chain reserves and on‑chain security; the finding raises alarm over stablecoin custodial risk and could pressure regulators and investors to demand stronger multi‑signature safeguards.
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.