Hacken Identifies Critical Security Risks in Tether's USDT Management

Security firm Hacken has identified a critical risk in the management of approximately $91.3 billion worth of USDT on the TRON network. The administrative multisig contract, which controls token issuance and address freezing, relies on only two compromised keys to potentially take full control. Hacken noted that Tether uses the same six keys across Ethereum, Avalanche, and Celo, increasing the scope of potential impact. While no compromise has been detected, the lack of on-chain reserve verification and automated security delays led Bluechip to upgrade Teth