IOTA Trinity Wallet HACK explained by Developer. Next Steps: KYC? MoonPay Insider?
IOTA Foundation Announces Network Suspension in order to avoid further theft of funds from Trinity crypto wallets.
The developers have disabled the focal point that provides final confirmation of linked IOTA transactions. According to the team, the reason was the statements of a dozen users about the loss of tokens from their wallets in the amount of up to $ 1.2 million..
After freezing the network, the organization started her own investigation and brought in law enforcement agencies. The exact reason is still unknown, but presumably, the attackers somehow managed to find out the secret phrases (SEED) of users to restore access to crypto wallets..
According to representatives of the IOTA Foundation, all of the victims kept tokens in Trinity wallets and recently used them. Therefore, the developers recommend that users do not launch this software yet and await further notifications.. The team also asked the exchanges to track the movement of the stolen cryptocurrency, but so far information about transfers or sales did not arrive.
From cybercriminals suffer not only ordinary users, but also the developers themselves. for instance, Two months ago hacker robbed VeChain fund’s crypto wallet for $ 6.6 million.
text: Ivan Malichenko, photo: blokt