The Currency Analytics
By Steven Anderson
IOTA – Investigation on the Stolen Funds
Security Audit is of utmost importance, and Trinity Wallet was subject to rigorous security auditing. Security firms like SIXGEN and AccessecG led the auditing.
Concerning the wallet, they clearly state that there are no guarantees about the wallet and that it gets used at the user's personal risk.
The Trinity Hardware provides additional security options using third-party hardware wallet compatibility.
Sydney Ifergan, the crypto expert, tweeted, "It seems like for now, IOTA is currently involved with law enforcement and cybersecurity experts who are working on investigating…
The investigation is ongoing concerning the stolen funds.
On February 17, 2020, IOTA released a safe version of the Trinity Desktop to permit users to check their balance and transactions.
On login, users will be able to check their balances and transactions. If the balances do not look correct, users were requested to contact a Discord mod or member of the IOTA…
IOTA clarifies that the Trinity Mobile is not affected by the attack; however, users are requested not to open the mobile version until a new mobile version is released.
The latest update tweeted reads thus: “After successfully finding the exploit, the team is currently working on a strategy to mitigate any further risk for token holders…
The Coordinator continues to be down as the team is finalizing on their remediation plan. Users are warned that they will not be able to send any value transactions.