- MyAlgo addressed the efforts taken by the team amid the recent situation.
- The team is investigating the incident’s root cause in an attempt to capture the culprit.
- MyAlgo team also asked users to withdraw their funds.
MyAlgo recently took to Twitter to address the ongoing efforts that have been taken by the team regarding the recent hack. The attack happened initially on February 19, when assets worth over $9.2 million were stolen. However, the value of funds stolen to date is believed to be more than this amount.
The team stated that they have been working non-stop to capture the culprits, identify compromised accounts, trace and seize funds, and also alert users. MyAlgo also pointed out that they are trying to investigate the root cause of the vulnerability and are also working with law enforcement.
