Hedera Network Experiences ‘Technical Irregularities’ – Community Alleges Exploit
TL;DR The decentralized exchange (DEX) SaucerSwap Labs has asked users to withdraw their liquidity as an alleged ongoing exploit has hit the Hedera Network. The Total Value Locked (TVL) has dropped nearly 25% in 24 hours as of writing.
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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