- Algorand wallet provider MyAlgo has advised its users to withdraw funds after suffering a $9.2 million exploit.
- MyAlgo is yet to determine the cause of the hack, and Algorand has denied the problem being from their end.
- Mnemonic wallets are more susceptible to the hack, but the crypto exchange ChangeNOW has frozen $1.5 million.
John Woods, CTO of Algorand Foundation, has revealed that the impacted 25 accounts holding ALGO. However, Woods confirmed that the exploit was not because of a flow in Algorand's Software Development Kit (SDK).
MyAlgo referred to the hack as a...