algonick.algo

Crypto guy, $Algo Governor, Co-creator of @AlgoBullNFTs, @Algorand fanatic

[algonick.algo @AlgoNick]

Take note @Algorand @AlgoFoundation
Great example of a foundation taking initiative to make their valued community whole again. Much respect for the @eulerfinance team.

[Euler Labs @eulerfinance]

The Euler Foundation has released the following statement:

[MyAlgo @myalgo_]

1/ MyAlgo Incident: Summary of preliminary findings
The preliminary investigation reveals that the attackers employed a MITM attack technique by exploiting the content delivery platform (CDN) to set up a malicious proxy. 🧵

[algonick.algo @AlgoNick]

@coinspect @d13_co 👀

[Adam Hofmann @ahrevival]

1/ There's a bunch of noise in the #Algorand community. Much of it warranted. Community is feeling discouraged. Honestly, I am too. I decided to build on Algorand for the strength of the technology, but mostly for the dedication of the community. That community is still strong:

[algonick.algo @AlgoNick]

@coinspect @myalgo_ Looking forward to learning more about your findings

[algonick.algo @AlgoNick]

@joe_polny Unless they were hacked from browser cache

[algonick.algo @AlgoNick]

@joe_polny I don’t see how this is possible. Sorry I cannot accept this as root cause.

[John Woods @JohnAlanWoods]

Take note of this, when you make a Multisig wallet from wallets A, B, C, it effectively forms a new wallet M.

To rekey the Multisig wallet M you must create a new Multisig M' and rekey to it.

Rekeying A, B and C independently doesn't do this for you. HMU if you have questions.

[algonick.algo @AlgoNick]

@borderless_cap @myalgo_ Great idea, fully support this!

[Borderless @borderless_cap]

1/ We would like to share with the #Algorand community a thread on the recent @myalgo_ security incident and our thoughts to support the victims during this challenging time.

[algonick.algo @AlgoNick]

@Mrbobo79 @JohnAlanWoods Agree!

[algonick.algo @AlgoNick]

@DeFiChick @insurenimble @myalgo_ @Algorand Thanks for stepping up diving into this investigation as early as you did @insurenimble We greatly appreciate all your hard work over the past 2 weeks!

[algonick.algo @AlgoNick]

@JohnAlanWoods Thank you John

[algonick.algo @AlgoNick]

@kyleTwang @bobtessier Perhaps they did not care to check the balance of each wallet, rather used their script to automate draining of every wallet they had access to

[algonick.algo @AlgoNick]

@TheAngelOfAres Quite the “phishing” attack huh

[algonick.algo @AlgoNick]

@AlgoFoundation What a joke, you didn’t take this seriously 2 weeks ago, now look where we are

[algonick.algo @AlgoNick]

This is terribly sad to see. Algorand really had a chance to shine, show some leadership and prove themselves as a true tech leader by solving a potential protocol killing event. I was once the most bullish of bulls. The entire ecosystem is now on fire

[MyAlgo @myalgo_]

All users of MyAlgo must withdraw their funds or rekey their funds to new accounts asap! ⚠️🚨 Do not wait!!

Create new account:
https://t.co/FhRCndPvfS
https://t.co/mj57KBg8Ml

Rekey Account Instructions:
Pera: https://t.co/PZog8fw0tO
Defly: https://t.co/PZog8fw0tO

[John Woods @JohnAlanWoods]

Wallet Security https://t.co/pD94ZSkwZC