Blockchain defi Hackers hacks wallet Cybersecurity Cybercrime

Algodex reveals wallet infiltrated by 'malicious' actor as MyAlgo renews warning: Withdraw now

Reading now: 319

Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved.Update: Funds are still being actively drained from MyAlgo users., decentralized exchange Algodex has revealed a malicious actor infiltrated a company wallet on Mar.

5 in what “appears to be similar to what is currently happening in the Algorand ecosystem,” it said in a Twitter post. In a Mar.

6 post, Algodex explained that during the early hours of the previous morning, a company wallet was infiltrated by a malicious actor.According to Algodex, precautions were taken before the attack, including moving the bulk of their USDC and treasury tokens ALGX tokens to secure locations.#PeckShieldAlert @AlgodexOfficial reported that a malicious actor infiltrated 1 of their corporate wallets (w/s ~55k)The exploit seems to share similarities with the ongoing incidents in the #Algorand ecosystem@myalgo_ alerted users to withdraw funds/rekey funds to new account, the infiltrated wallet was tied to Algodex's liquidity rewards program and was responsible for providing extra liquidity to the ALGX token."This resulted in the malicious actor being able to remove the Algo and ALGX in the Tinyman pool created by us to provide additional liquidity to the ALGX token," Algodex said.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News