Web3 Initiative Encounters USDT Loss

A Web3 startup has reported the unauthorized transfer of several hundred thousand USDT due to an authorized wallet address that was hard-coded into its smart contract. This incident was brought to light by a member of the crypto community. There is an investigation underway regarding a suspect contract code submitted by an employee, who denies any wrongdoing, asserting that the harmful code was auto-generated by an AI programming assistant without proper verification.