A new, Euro-pegged stablecoin called $TEURO emerged on October 13, with an initial supply of around €70 million. However, TrueUSD subsequently tweeted that “we have zero affiliation with it”. The post warned people to “step back and refrain from risky investments”.
However, the post raised only more questions, as the $TEURO token had been deployed by the address that deployed the primary TrueUSD token. This means that either TrueUSD is lying when they claim they’re unaffiliated with $TEURO, or some of their private keys were compromised, allowing an unrelated party to deploy a contract appearing to belong to them.
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