MyAlgo Exploited for $9.6 Million, 25 Algorand Wallets Affected
The latest victim of a cryptocurrency hack has emerged as MyAlgo , an Algorand blockchain wallet. The cryptocurrency space has witnessed some of the largest cryptocurrency hacks in 2022. The year proved to be the biggest in terms of the number of hacks and the losses incurred. The recent attack on MyAlgo was identified by the team, and they sent out a warning to the users. The team also cautioned the users to withdraw all funds from the mnemonic wallet that was stored in MyAlgo. Also read: Crypto and SEC: Here’s How the SEC Brought its Crackdown Game in February 2023 IMPORTANT: ⚠️We strongly advise all users to withdraw any funds from Mnemonic wallets that were stored in MyAlgo . As we still don't know the root cause of recent hacks, we encourage everyone to take precautionary measures to protect their assets. Thank you for your understanding. — MyAlgo (@myalgo_) February 27, 2023 MyAlgo hasn’t been able to identify the root cause Th...