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

Odaily Planet Daily reported 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; other chains remain unaffected. As a precautionary measure, the affected smart contracts have been suspended, and a comprehensive investigation and analysis of on-chain transactions and related activities is currently underway. The investigation is still ongoing, and updates will be released once information is confirmed.

According to previous news, suspicious USDC transactions resulted in a loss of $800,000 for Hinkal.