MyAlgo announced a recent hack may have compromised user funds held in Mnemonic Wallets on MyAlgo.
According to the Feb. 27 tweet, the @Algorand wallet and dapp gateway stated “we still don’t know the root cause of recent hacks, we encourage everyone to take precautionary measures to protect their assets.”
Adding, “the attacks happened over one week ago, and no other movements have taken place since then.”
This is a developing story…
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.
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