1/ There's an ongoing exploit hitting Hedera.
All Hedera dApps using Hedera Token Service (HTS), like LP tokens or wrapped tokens are affected.
The exploit is targeting the decompiling process in smart contracts.
Advice: "Get your funds out now."
All Hedera dApps using Hedera Token Service (HTS), like LP tokens or wrapped tokens are affected.
The exploit is targeting the decompiling process in smart contracts.
Advice: "Get your funds out now."
2/ The exploit is targeting the decompiling process in smart contracts.
Bridged tokens have been frozen by Hashport so users can't bridge to other chains now.
Bridged tokens have been frozen by Hashport so users can't bridge to other chains now.
3/ HBAR Foundation tweeted, "We've noticed network irregularities that are impacting various Hedera dApps and their users.
The foundation is in communication with impacted partners. We're monitoring and working to help resolve the issue."
The foundation is in communication with impacted partners. We're monitoring and working to help resolve the issue."
4/ Total value locked is dropping fast for Hedera dApps.
From Discord discussions, it seems that swapping to HBAR might be the best option.
But the situation is still unclear.
From Discord discussions, it seems that swapping to HBAR might be the best option.
But the situation is still unclear.
5/ "An ongoing exploit have hit the Hedera network this morning.
The exploit is targeting the decompiling process in smart contracts.
At time of writing attackers have hit Pangolin and HeliSwap pools containing wrapped assets."
The exploit is targeting the decompiling process in smart contracts.
At time of writing attackers have hit Pangolin and HeliSwap pools containing wrapped assets."
6/ "we'd encourage anyone with HTS tokens in Pangolin Pools and Farms to withdraw immediately."
7/ Seems like all smart contracts are paused.
"Hedera Network is experiencing an outage."
"Hedera Network is experiencing an outage."
While we wait for an official announcement from Hedera...
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I invite you to join my Substack for cool DeFi stuff not found elsewhere
ignasdefi.substack.com
Update: Hedera is still investigating the issue.
Hedera turned off network proxies on mainnet, effectively making it inaccessible.
But 'Hedera core' continues to work through the smart contract irregularity.
Hedera turned off network proxies on mainnet, effectively making it inaccessible.
But 'Hedera core' continues to work through the smart contract irregularity.
Official statement:
The team has identified the root cause of the issue and is working on a solution.
Attacker targeted liquidity pools on multiple DEXs that forked and ported Uniswap v2 to Hedera Token Service.
Some funds were bridged via Hashport.
The team has identified the root cause of the issue and is working on a solution.
Attacker targeted liquidity pools on multiple DEXs that forked and ported Uniswap v2 to Hedera Token Service.
Some funds were bridged via Hashport.
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