BlocksInform
Changenow crypto change non-custodial reported that it has halted suspicious transactions based on usdc amounting to approximately $1.5 million, protecting them for further investigation.
ChangeNOW’s anti-money laundering and risk-prevention system blocked $1.5 million in suspicious transactions in ALGO and USDC on February 19. Changenow has identified them as associated with algorand exploits resulting in more than 13 million stolen algos. The scholarship has made a commitment to work with law enforcement to restore funds for victims.
A total of 13.3 million of ALGO, nearly $3.6 million, was stolen from 12 Algorand accounts, according to AlgoDaddy. He quoted the founder of algorand-focused developer collective d13.co as saying that there are too many accounts affected for it to be coincidental.
As the story gained traction in the crypto media, CTO of Algorand Foundation John Woods posted on Twitter to assure users that the theft was not caused by a technical problem with the Algorand protocol. As history becomes more popular among crypto media, cto de la fondation algorand john woods tweeted to assure users that the flight was not caused by a technical problem with the algorand protocol.
Furthermore, he said the team works individually with concerned users to understand what has happened.
ChangeNOW informed Crypto Daily that three transactions worth $1.5 million had been halted: 300,000 ALGO tokens, as well as 600,000 and 829,000 in Algorand-based USDC stablecoins.
Changenow informed crypto on a daily basis that three transactions valued at $1.5 million had been discontinued: 300,000 algo tokens, and 600,000 and 829,000 algorand-based usdc chips. Among other clawbacks, changenow has already been able to recover 15 million dollars of comp chips distributed by mistake per composite, and a million dollars in cash chips stolen from eterbase in 2020.
