IOTA Stops Network - Between $300K and $1.2M Tokens Stolen!

By Otek | Otek | 14 Feb 2020


IOTA Foundation - the Germany-based nonprofit organization behind the IOTA distributed network announce that funds have been stolen from users of the Trinity wallet software!

IOTA (IOTA) is a distributed ledger for the Internet of Things that uses a directed acyclic graph (DAG) instead of a conventional blockchain.

Currently is on 23th position on CoinMarketCap ranking.

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To deal with ongoing attack against Trinity wallet - they stop entire IOTA network.

What is worth to mention Trinity is a wallet for IOTA storage created and released by IOTA Foundation itself last summer!Last summer!

IOTA Foundation co-founder Dominik Schiener said that between $300,000 to $1.2 million worth of IOTA tokens have been stolen!

 

That information may be the reason why IOTA price currently is decreasing (at this moment it is -1.69%)

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As they said they are still investigating that situation and we need to wait for more informations.

 




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