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Deepchao TechFlow message: On July 03, the decentralized privacy protocol Hinkal Protocol announced that it has noticed abnormal activity involving USDC on the Ethereum network within its system. This currently only affects the Ethereum blockchain; other chains have not been impacted. As a precautionary measure, the affected smart contracts have been paused, and a comprehensive investigation and analysis of related on-chain transactions and activities are underway. The investigation is still ongoing, and updates will be released after the information is confirmed.
Previously, Hinkal suffered a loss of $800k due to suspicious USDC transactions.