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Algorand Wallets Hacked Again
Algodex warns of a security breach on March 5, while MyAlgo urges users to withdraw assets or rekey funds following a February hack.
MyAlgo warns users of ongoing wallet exploit
MyAlgo, a wallet provider for the Algorand network, has warned users to withdraw funds from wallets created with a seed phrase due to an ongoing exploit. The company is uncertain about the cause of recent wallet hacks and advises everyone to take precautionary measures. The exploit is suspected to have stolen over $9.2 million worth of funds, with around 25 accounts affected.