In the Binance Hack, This Altcoin Remained in the Attackers’ Possession—They Couldn’t Sell It

The Allora team released a new statement today regarding the ALLO tokens seized in the Binance security incident. According to the team, none of the ALLO tokens obtained by the attacker were sold or transferred from the attacker's wallets to other addresses. The statement indicated that as soon as the affected tokens were identified, the emergency protection mechanism in the ALLO smart contract was activated. This action reportedly eliminated the attacker's ability to transfer, sell, or use the tokens. Allora announced that the process of returning all affected ALLO tokens to Binance is ongoing.