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ALGO CTO Loses Millions From Hacker Attack

Ramsey Baker

Summary: Algo Capital, an investment firm that is focused on Algorand Blockchain, lost around $2 million when their CTO’s phone was hacked, according to CoinDesk. Pablo Yabo The CTO has his phone breached which allowed the hackers to seize control over an Algo hot wallet that Yabo ran. The wallet was made up of $1 million ...

Algo Capital, an investment firm that is focused on Algorand Blockchain, lost around $2 million when their CTO’s phone was hacked, according to CoinDesk.

Pablo Yabo The CTO has his phone breached which allowed the hackers to seize control over an Algo hot wallet that Yabo ran. The wallet was made up of $1 million to $2 million worth of USDT and ALGO tokens.

By Ramsey Baker

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