Home » Komodo Hacks Itself to Save Users’ Funds Worth $13M

Komodo Hacks Itself to Save Users’ Funds Worth $13M

Crypto wallet provider Komodo has hacked its Agama wallet after discovering of its security vulnerability to prevent real scam of users, the company said in a blog post on June 5.
news - Komodo Hacks Itself to Save Users’ Funds Worth $13M

Crypto wallet provider Komodo has hacked its Agama wallet after discovering of its security vulnerability to prevent real scam of users, the company said in a blog post on June 5.

Realizing the risk of hacking Komodo’s team used the same exploit to move compromised crypto to safety.

“We were able to sweep around 8 million KMD and 96 BTC from these vulnerable wallets, which otherwise would have been easy pickings for the attacker,” Komodo explained. 

At current market rates, they successfully shielded  from a hack funds worth $13 million. The crypto is now being held in two safe wallets, and owners are now being invited to reclaim their assets if their accounts have been swept. Those who may still have crypto in an Agama wallet are being urged to move all their funds to a new address as soon as possible.

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