The IOTA Foundation announced the release of a safe Trinity wallet version for desktop, while investigating missing funds.
IOTA Warns of Scammers Active on Discord Channel
The IOTA Foundation warned owners trying to check their balance not to trust contacts on the official Discord channel. Scammers are contacting participants with claims on being able to recover lost coins. For now, the IOTA network remains virtually closed for about five days already, while the network reported rogue transactions and stolen funds. Users can download the new Trinity wallet desktop version to check balances and report missing funds. the IOTA Foundation team announced,
Balances and transactions are fetched on login. If your balance does not look correct or you have unrecognized outgoing transactions, please contact a Discord mod or member of the IOTA Foundation directly on Discord. Please be aware that there are unfortunately active imposters posing as IOTA Foundation personnel on our Discord
The missing balances are still being investigated, and value transactions are not possible through the IOTA network. The team was able to shut down the network, while essentially revealing its dependence on the coordinating server. For now, the project’s developers have not launched the Coordicide protocol, which would allow decentralized consensus, and final IOTA balances have now been determined by the server.
A History of Issues
This is not the first time that IOTA tokens have been stolen. Beyond errors and undiscoverable balances on the distributed graph, IOTA has been stolen through tainted wallets. Back in 2018, a hacker offered a tainted seed generator service and was thus able to access IOTA worth $11 million at that time.
This time, the Trinity desktop wallet may have lost between $300,000 and $1.6 million of value.