@NickPapacon@ownyourowndata@ARKInvest The legend on the pinned tweet may be incorrect. I think it should read "Retail: Less than 0.1%" instead of "Retail: less than 1%"
Calling all #BUIDLers & @AlgoDevs, don’t miss out on one of the first workshops on #AlgoKit@Algorand Hack House, Hyderabad.
Apply for the Pitch Competition: https://t.co/ImxdfJjYZ9
RSVP to attend: https://t.co/ocy54pINMe
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.
I haven’t seen many posts about this on CT yet but it’s suspected over $9.2m (19.5M ALGO, 3.5m USDC, etc) has been stolen on Algorand as a result of this attack from Feb 19th to 21st.
ChangeNow shared they were able to freeze $1.5m.
Preliminary report; our views on the Algorand 20-02-2023 thefts.
We believe there is reasonable doubt about the human error interpretation, and enough cause for concern to follow @myalgo_ recommendation to move funds.
We discuss possibilities.
1/
https://t.co/VBlckeg8dS
@averagezen@Coop_Daniels@RylieRueda More details. Bottom line is: we can’t investigate all the software b/c it’s closed-source; but we can make educated guesses and share some info. It’s hard to make concrete conclusions, but rest assured we continue to investigate leads.
📢 #algofam If you have good reason to maintain your #Algorand address (NFT creator address, Governance, ...) but it may have been compromised, we STRONGLY recommend rekeying with @PeraAlgoWallet or @deflyapp to secure it.
Pera instructions: https://t.co/gHaQsC7fZk
@kyleTwang @circle@myalgo_@AlgoFoundation@binance Our risk-prevention system halted suspicious transactions on the Algorand blockchain worth $1.5M combined.
Upon further investigation, it was discovered that the transactions were linked to the recent hacks of several Algorand community members.
https://t.co/tfGsQ0eKw0
How to rekey your MyAlgo accounts using @deflyapp
Overall proceduce:
1) **Rekey a test account first**
2) Check that you can spend some ALGO from rekeyed test: send 1 ALGO to yourself
3) confirm sent on algoexplorer
4) Rekey with real MyAlgo account(s)
Take care. Stay safe.