What happened
IOTA Foundation has shut down its entire network after hackers exploited a vulnerability in the official IOTA wallet app to steal user funds. The hackers were stealing funds from user wallets, the IOTA Foundation shut down "Coordinator," a node in the IOTA network that puts the final seal of approval on any IOTA currency transactions.
IOTA members said hackers used an exploit in "a third-party integration" of Trinity, a mobile and desktop wallet app developed by the IOTA Foundation.
The hackers targeted at least 10 high-value IOTA accounts and used the Trinity exploit to steal funds.
Case & protocol details
Classification
Other
Protocol Type
Exploit/Other
Affected asset / contract
MIOTA
Official Website
www.iota.org/
Protocol Twitter/X
@iota
Evidence & learning
Sources and on-chain records
- report Report twitter.com
- report Report zdnet.com
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