Stablecoins
Tether Prints $1.3B in Stablecoins, New Bitcoin Wallet Vulnerability Discovered, Franklin Templeton Launches Tokenized Money Fund on Arbitrum
Friday. August 9 at 8:30 PM
1 min. readTether has minted over $1.3 billion worth of stablecoins following the recent market crash. A new security threat has been identified where hackers can steal seed words from Bitcoin hardware wallets. Franklin Templeton has officially launched its tokenized money fund on the Arbitrum network. The $1.3 billion in stablecoins was transferred to major centralized exchanges like Kraken and Coinbase, indicating potential buying pressure. The vulnerability, named 'Dark Skippy,' allows hackers to extract private keys from hardware wallets with minimal transactions. This threat affects all hardware wallet models and can bypass separate seed word generation. Franklin Templeton's tokenized money fund, FOBXX, is now available on Arbitrum, Stellar, and Polygon networks. Arbitrum, a popular Ethereum layer-2 scaling solution, has a total value locked of around $14 billion.