Svmuu News: The decentralized privacy protocol Hinkal Protocol announced that it has detected unusual activity involving USDC on the Ethereum network within its system. Currently, this issue affects only the Ethereum blockchain; other chains remain unaffected. As a precautionary measure, the affected smart contracts have been suspended, and a comprehensive investigation and analysis of related on-chain transactions and activities are currently underway.The investigation is ongoing, and updates will be released once the information has been verified.
In a previous report, Hinkal suffered a loss of $800,000 due to suspicious USDC transactions.