MIOTA On The Verge Of An Intense Sell-Off As IOTA Releases Trinity Seed Migration Tool

According to the official announcement, the IOTA Foundation has released the ‘Trinity Seed Migration Tool’ that will enable users to transfer their IOTA tokens from compromised seeds onto new ones.

‘If you used Trinity from December 17, 2019 to February 17, 2020, your tokens might be at risk and you need to take action to prevent theft.’

The IOTA network has been down for over three weeks now after the 2 million dollar hack that happened on the IOTA Trinity Wallet. According to reports, the hack was possible because of security issues with the wallet. The IOTA Foundation then turned off the network to prevent further losses and has been trying to figure out how to restore the stolen money. Read More...

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