Privacy protocol Hinkal pauses 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 related to USDC on the Ethereum network within its system. Currently, only the Ethereum blockchain is affected, and 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 are underway. The investigation is still ongoing, and updates will be released once information is confirmed.

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