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→Asset Risk Assessment: Fixed Forex
ibEUR and other ibTokens rely heavily on Iron Bank's security for minting, peg maintenance via liquidations, and oracle pricing, exposing them to risks like the Iron Bank multisig's ability to add malicious oracles or assets behind a one-day timelock. Audits were limited, with Iron Bank's review as part of a brief CREAM V2 audit highlighting undocumented changes and custom oracle issues that enabled past hacks, while Fixed Forex's audit only checked ERC20 compliance without verifying overall protocol logic.
