IOTA cryptocurrency shuts down entire network after wallet hack

Catalin Cimpanu reports:

IOTA Foundation, the nonprofit organization behind the IOTA cryptocurrency, has shut down its entire network this week after hackers exploited a vulnerability in the official IOTA wallet app to steal user funds.

The attack happened this week, Wednesday, on February 12, 2020, according to a message the foundation posted on its official Twitter account.

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