Algorand ecosystem wallet MyAlgo advises users to withdraw funds from their wallets after a previous hacking incident

ChainCatcher message, Algorand ecosystem wallet MyAlgo has issued a warning strongly advising all users to withdraw any funds from mnemonic wallets stored in MyAlgo. As the root cause of the recent hacking attack remains unknown, MyAlgo encourages everyone to take precautions to protect their assets.

MyAlgo stated that the hacking attack occurred over a week ago, and no further actions have taken place since then. Affected users had significant funds in their accounts and used mnemonic wallets, with keys stored in the browser. No one was using hardware wallets. MyAlgo will continue to work closely with authorities and conduct a thorough investigation to determine the root cause of the attack. (Source link)