Hedera Network Suffers Alleged Exploit

Hedera network faces an ongoing exploit targeting the decompiling process in smart contracts. The decentralized exchange (DEX) SaucerSwap Labs has asked users to withdraw their liquidity.

SaucerSwap Labs, a DEX on the Hedera Network, encouraged users to “withdraw the liquidity” immediately as an alleged ongoing exploit hit the blockchain. The Total Value Locked (TVL), according to DefiLlama, has dropped nearly 25% in 24 hours as of writing.

🚨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. We are unsure if other HTS tokens are at risk too.
We… https://t.co/8xFdyLpAtd
— SaucerSwap Labs 🧪 (@SaucerSwapLabs) March 9, 2023

This is a developing story…

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Disclaimer

BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.

Source: https://beincrypto.com/hedera-network-suffers-irregularities-exploit/