Current Date:February 23, 2025

MyAlgo Wallet Issues Urgent Warning to Users

Blockchain security company Peckshield Alert, algodexannounced that one of ‘s corporate wallets had been hacked.

Blockchain security firm Peckshield AlertIn his post on Twitter, AlgorandDecentralized limit order exchange in algodex He issued a warning to the crypto community that one of ‘s corporate wallets has been hacked. After these developments, Algorand wallet provider MyAlgohas issued an urgent warning to its users to withdraw their funds. algodexIn the post made on the official Twitter account of Algodex, March 5, 2023It was reported that he was attacked in the early hours of the day.

$25,000 Value of ALGX Token Stolen

hacked wallet, algodexdepended on the liquidity rewards program for its users, and Algoranda decentralized trading protocol on the blockchain tinymanfocused on providing liquidity.

Speaking about the losses, the company said that the impact of the attack was not significant, but algodexallocated to provide liquidity rewards to its users. $25,000worth ALGX token He said they had been stolen. Stating that the stolen amount will be fully compensated, the company stated that the total loss caused by the theft 55,000less than a dollar, but algodexits users and ALGXHe stated that the liquidity of .

Commenting on the topic CEO of Algorand Foundation‘su used the following expressions: I also lost money in this incident, but I can’t even imagine the pain people feel.”

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