BlockBeats report, July 3: According to CertiK monitoring, the decentralized privacy protocol Hinkal Protocol experienced suspicious transactions. The address (0xbB3...fc20) executed multiple "Transact" transactions after initiating a Proofless Deposit, withdrawing approximately $800,000 in USDC from the Hinkal contract.
Privacy Protocol Hinkal Reports Suspected Transaction; $800,000 Stolen
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Summary
On July 3, 2026, CertiK reported a suspected transaction on the Hinkal Protocol, a decentralized privacy protocol. The address 0xbB3...fc20 executed multiple 'Transact' actions following a Proofless Deposit, siphoning approximately $800,000 in USDC from the Hinkal contract. The incident has triggered on-chain news discussions and raised concerns about the need for a protocol update to prevent similar exploits.
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