PANews reported on December 6 that according to Cointelegraph, Sky (formerly MakerDAO) uses an external account (EOA) to manage its $756 million USDC reserve for its streamlined pegged stable module (PSM), raising questions about security and transparency. Critics believe that this custody model could make funds vulnerable to potential attacks or internal abuse.
Sky is questioned for using external accounts to manage $756 million USDC reserves
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