MyAlgo announced a recent hack may have compromised user funds held in Mnemonic Wallets on MyAlgo.
According to the Feb. 27 tweet, the @AlgorandIf you've invested in Cryptocurrency, there's one thing you're always going to need — A safe, reliable Crypto wallet to store your assets in. Crypto wallets come in many shapes and sizes, with mobile, desktop and hardware wallets available for...Know more 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.”
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
Adding, “the attacks happened over one week ago, and no other movements have taken place since then.”
This is a developing story…
