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Report reveals two keys control half of USDT on Tron, raising governance concerns but no hack evidence found.

Market News
07 Sep 2026
Coincu
View Source
Neutral
Report reveals two keys control half of USDT on Tron, raising governance concerns but no hack evidence found.

A Hacken report found that about half of the circulating USDT on the Tron network, estimated at $91.3 billion, is controlled by a 2-of-3 multisignature administrative key setup without a built-in timelock. This means two of three keys can authorize contract operations like minting and freezing tokens, highlighting a governance risk but not an ownership or security breach. No evidence of compromised keys or theft was found, and the report emphasizes this as a potential exposure rather than an active exploit. The full assessment and Tether's response are awaited to clarify the implications for USDT holders and market confidence.

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