Quite recently, the IOTA’s Trinity Wallet suffered an attack, and on February 12, the team announced that they are investigating the situation. An estimated total loss of $2.3 million worth of crypto was made.

Before the investigation, the attack was believed to be coordinated, with the hackers aiming to steal balances from 40 GI+ accounts. The team therefore asked all Trinity wallet users to stop using their mobile and desktop wallets.

After the investigation, it was revealed that the attack was conducted through a third-party dependency from the payment provider, Moonpay. It was also revealed that the attackers began planning this attack way back in November 2019. That was when the Trinity wallet and Moonpay partnership began. Afterwards, the IOTA foundation has launched a migration tool for the wallet users to help them keep their funds safe.

However, the IOTA founder, David Sonstebo has now announced on Discord that since the investigation is delaying, he is going to ensure that the victims of the attack receive their compensation. Sonstebo claims he is going to use his own pocket money to resolve this unfortunate incident.

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