Allora said its network and the ALLO token contract remain secure, and that ALLO held outside Binance was not affected by the Binance theft incident. According to the team, some ALLO stored on Binance was stolen during that incident. After identifying the issue, Allora activated an emergency protection mechanism built into the ALLO token contract. As a result, the attacker can no longer move, sell, or use the affected tokens. The team also said the stolen ALLO has not been sold or transferred out of the attacker’s wallet and is now being fully returned to Binance. Allora added that the total supply of ALLO remains unchanged. The update was cited by Odaily.
Allora said its network and the ALLO token contract are secure, while ALLO held outside Binance was not affected by the Binance theft incident.
According to the team, some ALLO stored on Binance was stolen in the incident. After discovering it, the team activated an emergency protection mechanism built into the ALLO token contract, which means the attacker can no longer transfer, sell, or use those tokens.
Allora also said the stolen ALLO has not been sold or moved out of the attacker’s wallet and is now being fully returned to Binance. The total supply of ALLO remains unchanged.
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