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Wu learned that privacy protocol Hinkal released a security incident update, confirming that an attacker extracted approximately 797k USDC from its Ethereum contract through a series of transactions and converted it into approximately 454 ETH. Among them, 410 ETH were transferred to Tornado Cash, and the remaining 44.67 ETH were cross-chained to the Bitcoin network via THORChain. Hinkal stated that all smart contracts have been suspended to prevent further risks, and this vulnerability is limited to the affected fund pool on Ethereum. The official promise is that all affected users will receive full 1:1 compensation, and the specific compensation process and timeline will be announced after the fix plan is verified.