The blockchain security company Coinspect Security tweeted that through cooperation with the Algorand wallet MyAlgo, the root cause of MyAlgo's hacking has been determined, and the official announcement will be made soon. At the same time, it needs to be emphasized that the attack is no longer active and no application errors are used. or vulnerable codebase, don't abuse browser features (such as autofill), private key encryption is not weak, open source MyAlgo components are unaffected. The attacker decrypted the private key because they obtained the password, not due to an encryption vulnerability. For affected users, it is recommended to change the wallet password immediately and do not reuse it; beware of phishing activities and verify the source before sharing sensitive information.