TechFlow reports, July 3, the decentralized privacy protocol Hinkal Protocol announced that it has noticed abnormal activity involving USDC on the Ethereum network within its system, currently affecting only the Ethereum blockchain, with other chains unaffected. As a precautionary measure, the affected smart contracts have been paused, and a comprehensive investigation and analysis of relevant on-chain transactions and activities is currently underway. The investigation is still ongoing, and updates will be released after information is confirmed.
Previously reported, suspicious USDC transactions on Hinkal resulted in a loss of $800,000.
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