Privacy Protocol Hinkal Suspends Affected Smart Contracts Due to Abnormal USDC Transactions on Ethereum

Odaily Planet Daily News: Decentralized privacy protocol Hinkal Protocol has announced that it has noticed abnormal activity involving USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected; other chains remain unaffected. As a precautionary measure, the affected smart contracts have been paused, and a comprehensive investigation and analysis of on-chain transactions and activities are underway. The investigation is still ongoing, and updates will be released once information is confirmed.

Previously, suspicious USDC transactions on Hinkal resulted in a loss of $800,000.