Algorand (ALGO) wallet provider MyAlgo, called users after the hacks that took place.
With the rising trend of the crypto money market, the attack events that have increased recently, cyber attacks on many crypto money projects, crypto wallets and exchanges continue. of ALGOproviding wallet activities MyAlgo , reported that $ 9.2 million worth of cyber attacks took place. Damaged by the ongoing attacks ALGOcalling out to users “Withdraw funds from your MyAlgo wallets.”used the phrase.
ALGO Hasn’t Determined Why The Hacks Yet
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
With the crypto market on the rise in recent weeks, illegal activities in the sector have increased. Especially hackers who peek into the accounts of investors, taking advantage of the market rise, increased their attacks.
MyAlgo stated that an estimated $9.2 million worth of funds were stolen with its announcement. Still unable to determine the cause of the fund attack. MyAlgo , primarily called users to “withdraw funds from their accounts”. In addition, those who continue their calls on social media MyAlgo , “all users should be careful about protecting their assets.” he added to his statements.
MyAlgo, which warns users to be careful, continues to share articles on the subject.
