Algorand-based wallets have fallen prey to security breaches in recent weeks, with both MyAlgo and Algodex experiencing hacks. MyAlgo suffered a security breach in February that resulted in losses of arouncryd $9.2 million, prompting the wallet provider to urge users to withdraw their assets or rekey their funds. Last week, a targeted attack was launched against a group of high-profile MyAlgo accounts, but the cause of the breach remains unknown. Algodex, on the other hand, had a malicious ac...

Algorand-based wallets have fallen prey to security breaches in recent weeks, with both MyAlgo and Algodex experiencing hacks. MyAlgo suffered a security breach in February that resulted in losses of arouncryd $9.2 million, prompting the wallet provider to urge users to withdraw their assets or rekey their funds. Last week, a targeted attack was launched against a group of high-profile MyAlgo accounts, but the cause of the breach remains unknown. Algodex, on the other hand, had a malicious ac...