hacken

Crypto audits create a false sense of security as Q3 losses to hackers reach $1.18 billion, Hacken warns

- 77% of Q3 losses were due to compromised suppliers, delayed fixes, or systems outside the latest security review.
- Total Q3 losses to hackers reached $1.18 billion.
- Hacken warns that crypto audits can give investors a false sense of security.
#BinanceSquare #CryptoNews #Hacken #SecurityAudit

$btc $eth

#vlikevn Titanbot

Source: CoinDesk

Bluechip has just audited $USDT with Hacken.

Result: 3.3/10 on security. CRITICAL.

$91B in Tron controlled by only 2 keys.
No timelock. No delay. No quantum protection.
2 keys = $91B RISK.

Meanwhile, the solution is already LIVE:

@NaorisProtocol
🟢 Sub-Zero Layer LIVE - quantum-secure TODAY
🟢 Swarm AI: 10k+ nodes validating 24/7
🟢 Zero single-point failure

USDT 2 KEYS = $91B RISK
vs
NAORIS QUANTUM-SECURE TRUST LAYER

The market hasn’t priced it yet.
$22M circulating supply. This is early.

DYOR, but Q-Day doesn’t wait until 2029.

#Naoris #PQC #USDT #Bluechip #Hacken

⚠️ Is it safe to hold USDT after the Hacken report?
Hacken discovered a potentially serious risk in the USDT management system. On the TRON network, about $91.3 billion USDT are controlled through a 2-of-3 multisig scheme. This means: for administrative actions, any two of the three keys are sufficient.
If two keys are compromised, an attacker could potentially:
🔑 mint new USDT
🔒 freeze addresses
⚙️ change contract parameters.
And most importantly — there is no built-in timelock or mechanism to cancel such changes. That is, an administrative operation has no mandatory waiting period during which it could be stopped.
An additional risk is that part of the keys is reused in other networks.
📉 Hacken rated the cybersecurity of USDT only 3.3/10. But an important clarification: there are no signs of a hack at the moment. This is about a detected architectural risk, not about the theft of $91 billion. For me, the main takeaway is: USDT is not just a “digital dollar.” Behind it is a centralized administration system, and the security of the issuer’s keys is critical.

#USDT #Tether #Tron #Hacken #CryptoSecurity

📢 KuCoin Proves Its Strength 🔒
The platform @kucoincom has surpassed the proof of reserves audit from @hackenclub with a coverage ratio above 100%!
✅ High transparency and professionalism in protecting users' funds.
‏ #KuCoin #ProofOfReserves #CryptoSecurity #Hacken
‏ @WalletConnect #KingOfWCT @WalletConnect
$WCT

What if I told you that the fate of $91 billion depends on just two signatures? 🤯

The cybersecurity guys at #Hacken dissected $USDT under a microscope and found a few “interesting” surprises. Spoiler: there’s nothing decentralized about it.

Here’s what you should know:
🔴 On TRON, half of all the USDT supply (~$91.3B) runs on it. This is governed by a 2-out-of-3 scheme. Meaning a hacker only needs to steal TWO keys to gain control of this amount.
🔴 Ethereum, Avalanche, and Celo use the same sets of keys (a 3-out-of-6 scheme). Compromising three signers puts multiple networks at once at risk.
🔴 Freezing funds or issuing new tokens can be done instantly. There’s no time delay (no timelock) to give you a chance to stop the hack.
🔴 Smart contracts technically don’t restrict issuance. If they’ve gathered enough signatures for a quorum, tokens can be printed without limits—without any on-chain checks of the actual dollar reserves.

#Tether is convenient and liquid, but it’s a 100% centralized machine that runs on trust in a handful of people. Don’t put all your eggs in one basket!

Which stablecoin do you trust most for storing capital: USDT, USDC, or maybe DAI?