Hinkal Protocol Suspends Ethereum Smart Contracts After Detecting Abnormal USDC Activity

ETH2.03%
According to Hinkal Protocol, the privacy protocol suspended affected smart contracts on July 3 after detecting abnormal USDC activity on the Ethereum network. The issue is isolated to Ethereum, with other blockchains remaining unaffected. The protocol is conducting a comprehensive investigation into the on-chain transactions and activity involved, with updates to follow once findings are confirmed.
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