MyAlgo Mnemonic Vulnerability: $9.20M Reported Loss
Algorand ecological wallet MyAlgo issued a reminder on Twitter that the hack occurred more than a week ago, and no other actions have taken place since then.
- Reported loss
- $ 9,200,000
- Attack category
- Mnemonic Vulnerability
Incident Overview
The attacked users all had large amounts of funds on their accounts and used mnemonic wallets with keys stored in the browser. ZachXBT, an on-chain data analyst, tweeted: “Due to the attack on MyAlgo, Algorand’s ecological wallet, from February 19th to 21st, more than $9.2 million in assets (19.5 million ALGOs, 3.5 million USDCs, etc.) may have been stolen on Algorand. ChangeNow shared that they were able to freeze $1.5 million.”
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.