[ad_1] <br><div><div><p>MyAlgo, a local pockets for blockchain protocol Algorand, has suggested customers to withdraw funds it was struck by an exploit final week.</p></div></div><div><div><p>"We strongly advise all customers to withdraw any funds from Mnemonic wallets that had been saved in MyAlgo," MyAlgo <a target="_blank" href="https://twitter.com/myalgo_/status/1630185695791706120" rel="noopener">confirmed in a tweet</a>.</p></div></div><div><div><p>Woods added that he'll publish an explainer video as soon as the investigation into the hack concludes. MyAlgo stated that it doesn't know the foundation reason behind the exploit.</p></div></div><div><div><p>The value of the Algorand token (ALGO) is down by 1.05% over the previous 24-hours following the hack, it trades at $0.25 based on <a target="_blank" href="https://www.coindesk.com/price/algorand/" rel="noopener">CoinDesk data</a>.</p></div></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://www.coindesk.com/business/2023/02/28/algorand-wallet-myalgo-struck-by-96m-exploit/?outputType=amp">Source link </a>