IOTA Foundation Suspends Network Following Token Theft on Trinity Wallet

Following flights funds on Trinity wallets, the IOTA foundation temporarily deactivated coordinator and suspended operations on its network.

Wednesday evening, after receiving several reports from flight tokens IOTA (MIOTA) sure Trinity Wallet (the official IOTA portfolio), the foundation has decided to extinguish the " coordinator "From his network to ensure that no other attack cannot happen until the organization finds and plugs the fault.

Yesterday, the foundation gave more information and explained that it would be flights of seeds. For the moment, 10 users of the Trinity Wallet having lost funds have been identified.

Currently, the coordinator is suspended until further notice to investigate problems with stolen funds. We ask you to keep the Trinity wallet closed for now. We are still assessing several possible causes, including a flaw in a previous version of Trinity, ”wrote the foundation.

According to the co-founder of the IOTA foundation, Dominik Schiener, Between $ 300,000 and $ 1.2 million in IOTA parts would have been stolen, reports TheBlock.

Last year, the IOTA foundation announced plans to replace controversial security mechanism " Coordinator "By a new system sold as more decentralized and called" Coordicide ".