Report Warns Two-Key Exploit Could Give Hackers Control of $91B in USDT

A new report has flagged a critical security vulnerability in Tether's USDT stablecoin, warning that a two-key breach could hand hackers control of approximately $91 billion in assets. The findings emerged from a rating agency's newly developed framework that blends traditional Wall Street financial auditing with Web3 code review methodologies. The framework is designed to assess both off-chain reserves and on-chain security systems simultaneously. By combining these two approaches, the agency aims to provide a more comprehensive risk evaluation for stablecoin issuers. The report underscores growing concerns about the security architecture underpinning major stablecoins in the digital asset space.