Svmuu News: The decentralized privacy protocol hinkal has released an update on a security incident, confirming that an attacker, through a series of transactions, withdrew approximately 797,000 USDC from its Ethereum contract and exchanged it for approximately 454 ETH, of which approximately 410 ETH was subsequently transferred to Tornado Cash,while the remaining approximately 44.67 ETH was transferred via THORChain to the Bitcoin network. The team is currently working with an external security team to track the flow of funds.
hinkal stated that the impact of this security incident is limited to the relevant on-chain pools at Ethereum; other on-chain contracts remain unaffected. However, all contracts have been temporarily suspended for repairs and security verification. All affected users will receive full 1:1 compensation, and the specific compensation process and timeline will be announced in future updates.