Odaily Planet Daily News: Blockchain security company Coinspect Security issued a statement saying that through cooperation with Algorand wallet MyAlgo, the root cause of MyAlgo's hack has been determined and the specific information will be officially announced soon. At present, the attack is no longer active, no application errors or vulnerable code bases are exploited, browser functions (such as autofill) are not abused, private key encryption is not weak, and open source MyAlgo components are not affected. In addition, the attackers decrypted the private key because they obtained the password, not because of an encryption vulnerability. For affected users, it is recommended to change the wallet password immediately and never reuse it.