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Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities

The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether Holdings Limited stated that USDT tokens have “always been fully backed.” The report was signed by Moore Cayman on March 26, 2021, and compiled on February 28, 2021 “at 11:59 PM UTC.” Per the accountant’s report, consolidated total assets amount to at least $35,276,327,156, which,…

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iCherry Smart Contract Audit

Introduction CoinFabrik was asked to audit the contracts for the iCherry.Finance project. First we will provide a summary of our discoveries and then we will show the details of our findings. Contracts The audited contracts are: MemberManager.sol: Data structure for managing members, which is already deployed on the tron network at address TRCKRkrUm9L2hz8DwgWoE2hpGNrzNez1cY USDT.sol: The main contract is used for managing the rewards of each member. The audited contracts and their md5sum are: USDT.sol f7b0f29ab655d27bec38a6c889c11f75 MemberManager.sol 60ab2aeeda764e39f969f2e77ad404f8 Analyses The following analyses were performed: Misuse of the different call methods Integer overflow errors Division by zero errors Outdated version of Solidity…

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Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins

On August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to 8.2 BCH. Cashfusion is a type of coin mixing service, offering wallet providers and others a way to join coins together for increased privacy. The developer behind the Electron Cash (EC) wallet Jonald Fyookball had an important announcement for the Bitcoin Cash (BCH) community on Tuesday. According to the software engineer, the Cashfusion…

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