Privacy protocol Hinkal suspends affected smart contracts due to abnormal USDC transactions on Ethereum

Odaily reports that the decentralized privacy protocol Hinkal Protocol has announced it has noticed abnormal activity involving USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected, with other chains remaining unaffected. As a precautionary measure, the affected smart contracts have been suspended, and a comprehensive investigation and analysis of on-chain related transactions and activities is currently underway. The investigation is still in progress, and updates will be released once the information is confirmed.

Previously, it was reported that suspicious USDC transactions on Hinkal led to a loss of $800,000.