MyAlgo Wallet Asks Users to Withdraw Funds Due to Hack
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In response to the series of hacks revealed last week, the MyAlgo cryptocurrency wallet team has advised users to transfer funds to secure addresses.
It was reported that attackers managed to steal $9.6 million in cryptocurrencies, with approximately 25 accounts affected.
John Woods, Chief Technology Officer of the Algorand Foundation, clarified that the incident was not related to the Algorand protocol or the wallet SDK, and the Pera Algo Wallet was not affected.
ZachXBT analyst estimates showed that the hackers stole 19.5 million ALGO and 3.5 million USDC. The ChangeNow exchange managed to freeze the criminals’ assets in the amount of $1.5 million.
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