MyAlgo Advises Users to Withdraw Funds After $9.2M Hack By DailyCoin
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MyAlgo Advises Users to Withdraw Funds After $9.2M Hack- Algorand wallet provider MyAlgo has advised its users to withdraw funds after suffering a $9.2 million exploit.
- MyAlgo is yet to determine the cause of the hack, and Algorand has denied the problem being from their end.
- Mnemonic wallets are more susceptible to the hack, but the crypto exchange ChangeNOW has frozen $1.5 million.
MyAlgo, a wallet provider for Algorand (ALGO), after falling victim to a $9.2 million hack, has advised users to withdraw their funds from their Mnemonic Wallets as they continue to investigate the cause of the hack.
John Woods, CTO of Algorand Foundation, has revealed that the impacted 25 accounts holding ALGO. However, Woods confirmed that the exploit was not because of a flow in Algorand’s Software Development Kit (SDK).
MyAlgo referred to the hack as a…
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MyAlgo Advises Users to Withdraw Funds After $9.2M Hack- Algorand wallet provider MyAlgo has advised its users to withdraw funds after suffering a $9.2 million exploit.
- MyAlgo is yet to determine the cause of the hack, and Algorand has denied the problem being from their end.
- Mnemonic wallets are more susceptible to the hack, but the crypto exchange ChangeNOW has frozen $1.5 million.
MyAlgo, a wallet provider for Algorand (ALGO), after falling victim to a $9.2 million hack, has advised users to withdraw their funds from their Mnemonic Wallets as they continue to investigate the cause of the hack.
John Woods, CTO of Algorand Foundation, has revealed that the impacted 25 accounts holding ALGO. However, Woods confirmed that the exploit was not because of a flow in Algorand’s Software Development Kit (SDK).
MyAlgo referred to the hack as a…
Continue Reading on DailyCoin
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