TrueUSD, the stablecoin company, has confirmed a security breach that has sparked concerns about the compromise of private keys. The breach raises questions about the extent of the compromise, with ChainArgos suggesting that TrueUSD may not have fully disclosed all the details. The situation is further complicated by the curious case of TUSD minting by Justin Sun prior to the hack, which has raised suspicions. The security of the peg and the safety of customer funds are at risk if a malicious entity gains access to TrueUSD's private keys. Blockchain sleuth Zachxbt supports the report and highlights the potential compromise of the deployed private key. Additionally, the subsequent actions involving TEURO tokens add complexity to the situation. Wayne, a part-time trader, provides insights on blockchain technology and cryptocurrencies [00a90f79].
Bitfinex CTO has dismissed claims of a breach as 'pure FUD' and denies any group has asked for ransom. The CTO states that the claims are baseless and there is no evidence to support them. Bitfinex has not received any ransom demands and there is no indication of a security breach. The CTO emphasizes that the platform takes security seriously and has robust measures in place to protect user funds. It is important to verify information and not spread false rumors in the cryptocurrency community [cc664610].
MakerDAO has halted new borrowing against BitGo's tokenized bitcoin (WBTC) due to concerns about the security and management of WBTC. The decision was made following BitGo's partnership with BiT Global, a company linked to Justin Sun. The custody of WBTC is shifting from the U.S. to multiple jurisdictions, raising security concerns among MakerDAO contributors. Existing loans backed by WBTC are not affected. BitGo's CEO, Mike Belshe, reassured the community about the security of WBTC, but MakerDAO took action regardless. This decision raises questions about MakerDAO's future and its impact on the DeFi ecosystem.