The cryptocurrency industry is still reeling from the recent IOTA incident. It now seems a bit more information is becoming available.
The Trinity wallet so many IOTA users rely on has indeed been affected by a bug.
All users utilizing this software between mid-December 2019 and mid-February 2020 will need to migrate their seed as soon as possible.
That tool is still under development right now, with no ETA provided just yet.
A new mobile wallet for the users has been released on both Android and iOS.
Although the incident may not have affected these users, upgrading is still advised to avoid any potential problems.
What is rather interesting is how the new Trinity client no longer supports MoonPay.
A secret vulnerability was allegedly introduced due to this particular integration.
It is unclear if this is what has caused the major network bug, as an official incident report has yet to be written.
The team is still in contact with law enforcement to monitor the situation.
That seems to confirm that the IOTA network may continue to suffer from minor availability issues for some time to come.
Until further notice, the IOTA main net will not process value transactions.
That situation has remained unchanged for nearly a week now.
At the latest “SEC Speaks in 2026” event, the U.S. Securities and Exchange Commission made…
Morgan Stanley is edging further into the crypto space after filing a second amended S-1…
Ethereum co-founder Vitalik Buterin is once again stirring conversation across the crypto space, this time…
The way money moves is starting to change and it’s not happening slowly anymore. What…
Ondo Global Markets just leveled up its onchain presence again, rolling out over 60 new…
Bootstrapped Project Processes $5M in Trading Volume Within Two Weeks, Proving Viability of ALM…