Algorand (ALGO) wallet provider MyAlgo has urged users to withdraw their assets after failing to find the source of the exploit that caused the $9.2 million loss for a week.
MyAlgo on February 27 via its official social media account. in his post, users stored in MyAlgo mnemonic the assets they keep in their wallets strongly recommend to take stated that they did.
According to the statements made, about a week ago, in total 25 high profile against the account cyber attack source yet not detected. In the light of the information available so far, all of the victims to high balance passwords of hot wallets that they own and store their assets in. registered in their browser was detected. According to the available data, MyAlgo provides investors’ hot wallet passwords. from browser caches He claimed it might have been stolen. wallet provider from phishing attacks He said he was suspicious.
On the other hand, the source of the attack has not yet been determined. not found Because of this, the wallet provider is not responsible for keeping users in their Mnemonic wallets. to attract assets invited. In its statement on the subject, MyAlgo has stated that there has been no further attack since the first attack. didn’t happen however interim injunction He stated that it would be a healthy decision for users to withdraw their assets.
Blockchain researcher ZachXBT on Feb. 28 in his post, 19.5 million ALGO And 3.5 million USDC Coin (USDC) in total, including 9.2 million He said he suspects that $US$ worth of assets have been stolen. In addition, ChangeNow has 1.5 million He also mentioned that he was able to freeze his dollar.
According to Coinecko data, the latest in 30 days 3.7% devalued ALGO, in the last 7 days 12.7% declining as of writing $0.2478 traded at the level.