Security News > 2020 > February > IOTA shuts down network temporarily to fight wallet hacker
2020-02-18 11:12
Popular cryptocurrency IOTA has temporarily shut down its entire network after a hacker stole funds from ten of its highest-value users.
The IOTA team published an updated version on Sunday to fix the problem.
The attacker had hit ten people that the IOTA team said were high-value clients, and may have intended to work their way down to clients with fewer funds, it said.
Early on Monday, the IOTA team published a three-step remediation plan to get things back on track.
To do this, the IOTA team is taking a global snapshot of the network that users will have to validate.