Algorand-based wallet provider MyAlgo has again urged users to withdraw their funds after a February security breach which doesn’t appear to have been resolved.

Meanwhile, decentralized exchange Algodex has revealed a malicious actor infiltrated a company wallet on Mar. 5 in what “appears to be similar to what is currently happening in the Algorand ecosystem,” it said in a Twitter post.

In a Mar. 6 post, Algodex explained that during the early hours of the previous morning, a company wallet was infiltrated by a malicious actor.

According to Algodex, precautions were taken before the attack, including moving the bulk of their USDC and treasury tokens ALGX tokens to secure locations.

However, the infiltrated wallet was tied to Algodex's liquidity rewards program and was responsible for providing extra liquidity to the ALGX token.

(By STEPHEN KATTE)