MyAlgo to Unveil Preliminary Findings Regarding the $9M Hack
- MyAlgo will unveil preliminary findings regarding the ongoing security breach.
- MyAlgo CTO promised an explainer video covering how the exploit happened.
- Over $9 million worth of Algorand tokens and USDC were stolen in February.
MyAlgo, a leading blockchain wallet service, announced today that it would unveil preliminary findings on Monday regarding the ongoing security breach on its wallet service. While the community is eager for information, MyAlgo emphasized that its priority was safeguarding ongoing law enforcement investigations.
The incident involved the theft of users’ assets which started in February 2023. MyAlgo has worked closely with exchanges, blockchain analytics firms, and global law enforcement to help trace and freeze stolen assets.
— MyAlgo (@myalgo_) March 18, 2023
Update:
This Monday, we'll unveil preliminary findings.
We understand the community's eagerness for info, but please remember that we must prioritize safeguarding ongoing law enforcement investigations.
MyAlgo noted that despite having a dedicated but small team and limited resources, it remains committed to resolving the situation and bringing those responsible to justice…
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