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

Odaily reported that the decentralized privacy protocol Hinkal Protocol announced it has noticed abnormal activity involving USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected, while 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 activities are underway. The investigation is still ongoing, and updates will be released once information is confirmed.

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