Hinkal will begin returning funds to users who have completed the recovery process this week, with completion expected by July 22.

Foresight News reports that the decentralized privacy protocol hinkal announced on Twitter that it will begin refunding funds to users who have completed the recovery process this week, with all refunds expected to be completed by July 22. Hinkal Pay and Hinkal Prime users will receive funds in wallets connected via the recovery link, and Hinkal Wallet users will receive funds via wallet addresses submitted within the app. Users who have not yet completed the recovery process can still do so through the official portal.

According to previous Foresight News reports, CertiK monitoring detected suspicious transactions related to hinkal, with losses estimated at around $800,000.