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Showing posts with the label tusd

TrueUSD was hacked and issued fake tokens

Recently, the team behind TrueUSD was forced to disclaim TEURO — a token deployed at the same address — suggesting that private keys historically associated with its TUSD token have been compromised. Funds related to this false token have also been tied to the deployment of TCNY, another apparently fake token unaffiliated with the ‘real’ TrueTokens. This comes as TrueUSD has had to disclose a hack of customer information. In regards to the recent $TEURO, we want to clarify that we have zero affiliation with it. When evaluating newly deployed contracts, it’s essential to be cautious and understand the potential risks We strongly advise you to step back and refrain from risky investments! — TrueUSD (@tusdio) October 16, 2023 This token was deployed by address 0x7bA7EF06A2621267f063eF2DB2d482D5B507D8b3, which does correspond to the address that originally deployed the TUSD contracts. However, TrueUSD now claims that this address “has NO permiss...

Venus Protocol voting to migrate TUSD contracts on BNB Chain

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The Venus Protocol, a decentralized borrowing, lending, and earning platform, has officially launched its VIP-129 governance proposal that focuses on migrating the TUSD contract on the BNB Chain. ️VIP-129 is live! This proposal relates to the TUSD contract migration on BNB Chain as announced earlier this month. The current $TUSD market will be deprecated and Venus will add support for the new native $TUSD contract . Users needing TUSD_Old to repay their loans… pic.twitter.com/nIsFG5tM3n — Venus Protocol (@VenusProtocol) June 17, 2023 Venus Protocol migrating TUSD contracts on BNB Chain The migration behind VIP-129 involves minimizing the current TUSD market and introducing support for the new native TUSD contract on Venus.  You might also like: Hinmann documents unsealed in Ripple vs. SEC case, Binance faces more regulatory headwinds | Weekly recap The objectives that the proposal is set to achieve include deploying a new market with a new BEP-20-based TUSD contr...