The Trinity wallet hack, which took place in February, caused a loss of about $2.3 million in crypto. Since the investigation into the hack is moving slowly, IOTA founder David Sostenbo will reimburse the victims from his own funds. David Sonstebo, the founder of IOTA, will be reimbursing the losses incurred by Trinity wallet users out of his own pocket. In February 2020, an attack took place on the wallet and the firm had announced that it was investigating a suspicious situation with Trinity. The seemingly coordinated attack aimed to steal balances from 40 GI+ accounts. The IOTA team had asked all Trinity Wallet customers to stop using their mobile and PC wallets and not put any more funds in them. The total estimated losses of the hack totaled to $2.3 million in crypto. Recently, the IOTA Foundation has launched a migration tool for the wallet users to keep their funds safely. However, Sonstebo has stated that since the investigation is moving too slowly, he will ensure that the victims of the hack receive their compensation by paying money from his own pocket. To bring assurance to everyone here, I will commit to that all victims identified here shall be made whole again. A significant portion of my own holdings will go towards resolving this unfortunate incident. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US Energy Secretary: Evaluating the upcoming sale of oil from strategic reserve FX Street 3 years The Trinity wallet hack, which took place in February, caused a loss of about $2.3 million in crypto. Since the investigation into the hack is moving slowly, IOTA founder David Sostenbo will reimburse the victims from his own funds. David Sonstebo, the founder of IOTA, will be reimbursing the losses incurred by Trinity wallet users out of his own pocket. In February 2020, an attack took place on the wallet and the firm had announced that it was investigating a suspicious situation with Trinity. The seemingly coordinated attack aimed to steal balances from 40 GI+ accounts. The IOTA team had… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.