Almost a month after the IOTA network was frozen, the project team again activated it on Tuesday, and also announced its intention to compensate the victims.
After numerous attacks on Trinity wallets on February 12, which resulted in the theft of about $2.2 million in MIOTA tokens from users, the IOTA Foundation shut down the coordination node responsible for confirming transactions.
On Tuesday, the project team completed the transfer of users to new accounts and resumed the work of the system.IOTA co-founder David Sønstebaugh also told The Block,that he plans to personally address the issue of damages to all victims of the hacker.
The company has not yet identified the attacker, but it continues to track it down with law enforcement agencies in several countries.
After the restart, the developers intensified monitoring of network activity and plan to upgrade the product security system.
</p>Read this:
IOTA developers froze the network due to numerous theft of tokens from Trinity wallets
IOTA Foundation suspended network due to hacking
IOTA network will resume its work until March 2
IOTA Releases Trinity Compromised Wallet
IOTA Trinity wallet user funds stolen due to application vulnerability
IOTA fixed a failure that froze the main network