Algorand-based Wallets Hit by Security Breaches
Blog iconWally
Mar 8
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...

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Algorand-based Wallets Hit by Security Breaches

Algorand-based Wallets Hit by Security Breaches

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I am a cryptocurrency lover and investor since 2017. I am deeply fascinated by the potential of blockchain technology.

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