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The fundamental cause of MyAlgo's breach had been uncovered.

Amid the US bank crisis, a majority of major cryptocurrencies witnessed significant inflow indicating the increasing adoption of digital currency. This sudden uptick triggers a recovery sentiment in the market and could assist buyers to regain lost ground.

Among the legacy Layer 1 Proof-of-Stake (PoS) protocols, Algorand (ALGO) is exhibiting one of the most bearish records at the moment. According to data from crypto analytics provider IntoTheBlock, more than 16.4 million Algorand addresses are currently "Out of the Money," implying they are trading at a loss.

MyAlgo wallet shares an update on the recent exploit that led to a loss of funds for some of its users. The MyAlgo team states that it is still working diligently to identify stolen assets, working with blockchain analytics firms and exchanges to guarantee that malicious addresses are flagged and supporting law enforcement in the investigation.

With its recession-proof development and multiple revenue sources, Jetshare (JETT$) is well-positioned for success in 2023.

Algorand [ALGO] dropped from $0.30 to $0.18 region, plunging 40% since early February. Bulls tried to seek entry into the market as they struggled to defend the $0.18 area.

ALGO is the native cryptocurrency of the Algorand blockchain, a proof-of-stake blockchain that deals with smart contracts. The crypto's price has fallen by 18% over the past week alone, with the altcoin valued at $0.18 at press time.

Algorand's [ALGO] value has declined to its mid-January level. At press time, the token was trading at $0.2034.

If the Algorand (ALGO) price gets to $0.19, the shape of the bounce could determine the future trend.

Algorand's Layer 1 blockchain warned its users of the cyber attack that affected users of MyAlgo, a third-party wallet created by Rand Labs.

In the article we are going to analyze the recent news and prices of three very important crypto assets in the industry: Algorand, Solana and Cardano.

Algorand Foundation, the not-for-profit organization supporting the Algorand Protocol, has released an action statement in wake of the recent exploit of the ecosystem.

Crypto exchange Algodex and wallet provider MyAlgo have undergone multiple security breaches over the past few weeks. Today, MyAlgo has issued another warning stating that users should withdraw their funds as the recent security breach has not been tackled yet.

Algodex warns of a security breach on March 5, while MyAlgo urges users to withdraw assets or rekey funds following a February hack.

After a security breach that occurred in February and does not seem to have been rectified, the wallet provider MyAlgo, which is situated in Algorand, has once again encouraged customers to withdraw their assets.

Algorand (ALGO) wallet provider MyAlgo has asked users to withdraw all funds in their wallets or rekey them to new wallets as soon as possible following a breach that compromised $9.2 million.

In the earlier hours of today, the Twitter account of blockchain security firm "Peckshield Alert" sounded an alert to the crypto community that one of the corporate wallets of the decentralized limit order exchange on Algorand, Algodex, had been infiltrated by a malicious actor.

ZachXBT blasted Algorand's failure to “acknowledge” an ongoing wallet drain hack.

Crypto exchange Algodex and wallet provider MyAlgo have both suffered security breaches in the last few weeks.

MyAlgo, a wallet provider for the Algorand network, has warned users to withdraw funds from wallets created with a seed phrase due to an ongoing exploit. The company is uncertain about the cause of recent wallet hacks and advises everyone to take precautionary measures.

AlGO-USD lost most of its gains at the end of February 2023, after soaring by about 30% at the beginning of the month. The price saw a modest 1.2% increase at the month's end.

Cryptocurrencies have long been feared for their volatile nature. However, it's a characteristic that draws investors to this realm with a magnetic allure.

Our Algorand price prediction suggests that the price can retest $0.28 level soon. The outcome will determine the future of ALGO price.

Following the $9.6 million exploit of Algorand's [ALGO] native wallet, MyAlgo, the total value of assets locked (TVL) on the chain has returned to its 31 January level, data from DefiLlama revealed.