After almost a month following a massive hack, the Iota Foundation has brought their network back online.

The Iota network was relaunched on Tuesday following the February. 12 attack on the platform's Trinity Wallet software. Although the network was close down that same day to forestall further security breaches, 8.55 meg MIOTA — approximately $two one thousand thousand — was stolen from 50 users of the digital asset wallet.

In a March ten blog post, the IOTA Foundation announced the Coordinator — the centralized node curating all transactions — was back online following a seed migration period.

The desktop version of Trinity Wallet was found to exist vulnerable after hackers gained access to private wallet keys. The crusade of the assail was attributed to MoonPay, a service that allows users to buy Iota straight. Within a week, the Foundation was urging users to take reward of a migration tool to move their tokens to new and secure accounts.

Preventing boosted attacks on the network

In response to this theft, Iota also laid out their plans to reduce the possibility of future breaches:

"The IOTA Foundation is overhauling its internal processes, with upcoming changes to software security practices, improvements to our security capabilities and resources, and expansion of our efforts in education and best practices for whatever software that handles user accounts on the IOTA network."

Fallout from the Feb theft

According to the Foundation, the person responsible for the Feb. 12 breach has non been establish. However, Iota volition "continue to piece of work with the FBI, every bit well as the United kingdom, High german, and Maltese police to identify and rail the assailant."

On March six, David Sønstebø, the founder of Iota, appear that he would fully repay all victims of the hack. At that fourth dimension, eight.55 million in IOTA tokens was worth over $2 1000000.