Hinkal Protocol Confirms 797K USDC Extracted by Attacker, Converted to 454 ETH; Pledges Full Reimbursement

ETH2.61%
BTC1.11%

According to Hinkal, attackers recently extracted approximately 797,000 USDC from the protocol's Ethereum smart contract and converted it to around 454 ETH. About 410 ETH was transferred to Tornado Cash, while the remaining 44.67 ETH was bridged to Bitcoin via THORChain.

Hinkal is coordinating with external security teams to track the stolen funds. The protocol has committed to fully reimbursing affected users.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments