Hedera Confirms Hackers Stole Tokens From DEXs, Exploiting a Bug in ‘Smart Contract Service’

The core team at Hedera confirmed there was a recent exploit on the network in which hackers stole funds via users' accounts on decentralized exchanges, it said.

The attackers took advantage of a vulnerability in the "Hedera smart contract service" to transfer the Hedera Token Service (HTS) tokens held in users' accounts to their own accounts. The Hedera smart contract service is a separate computing layer integrated with the network to help run Ethereum-compatible apps.

The core team at Hedera reported that the attackers targeted liquidity pools on multiple decentralized exchanges (DEXs) that had ported Hedera tokens over to the network's smart contract service via a bridge. The affected multiple DEXs including Pangolin, SaucerSwap and HeliSwap.

(By Vishal Chawla)

Hedera DeFi

Original Link

Comments

All Comments

Recommended for you

Chainlink ·

Chainlink Digital Asset Insights: Q1 2024

The Web3 ecosystem has recently seen a dramatic rise in activity through total value locked in decentralized finance (“DeFi”), volumes on decentralized exchanges (“DEXs”), and stablecoin activity (see the Appendix). Looking at the first quarter of the year, we examine prominent events in the space, including:
Cointime April 23th News Express

1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
Cointime April 5th News Express

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
Ana Paula Pereira ·

VC Roundup: Are VCs returning to crypto? February suggests renewed confidence

In February, a diverse group of crypto startups announced recent funding raises, signaling that investors’ interest in crypto may be on the rise again.
Terra founder Do Kwon to be extradited to U.S.

Terra founder Do Kwon will be extradited to the United States.
Cointime精选 ·

Governance is dead, long live TOKENS

A popular trend kicked off by the Compound Protocol in the Spring of 2020 was governance tokens for DeFi protocols. The dream of governance tokens was a beautiful ideal. Simply by using a protocol, you would automatically and freely receive ownership of it. Decision making around the protocol would be decentralized allowing thousands and ultimately millions to have their say and vote on changes to the protocol.
Cointime February 3 News Express

1. Ripple payment service "Ripple Payments" plans to return to the US market and launch targeted solutions
Cointime精选 ·

State of Hedera Q4 2023

Hedera (HBAR) is an open-source, public-permissioned Proof-of-Stake (PoS) blockchain network. It is governed by 30 global organizations, known as the Hedera Council, with input on the network’s features and ecosystem standards from the community via Hedera Improvement Proposals (HIPs). Members of the Council operate Hedera’s validator nodes while the network transitions to fully permissionless node operation. Although Hedera's Network operation is currently permissioned in nature, the division of responsibility across each of the 30 geographically and industry-diversified (collusion-proof) council members is unique among public DLTs.
Cointime精选 ·

POINTS² : web3’s attempt to lure LPs

POINTS² : web3’s attempt to lure LPs by gamifying protocol airdrops with referrals and ‘play to earn’ logic How DeFi becomes a playground for point hunters who seek to amplify their protocol airdrops by signing up their friends and family to earn ‘points squared’. DeFi represents a transformative shift moving away from Banks as we know them toward a less centralized model: peer-to-peer finance — where everyone can participate at any time.
Cointime January 14 News Express

1.Digital asset protocol Metaplex will list its Solana inscription on January 162.Investment bank TD Cowen: The U.S. SEC will not approve an Ethereum spot ETF in the short term3.Binance, Kraken and other nine trading platforms have been removed from Google App Store in India4.Barclays economists advance forecast for Fed rate cut to start from June to March5.The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the company is cooperating with law enforcement agencies for