The Hedera Smart Contract Service Code Suffers An Exploit

Twitter icon  •  Published hace 1 año  •  Hassan Maishera

The Hedera team announced via Twitter on Friday that attackers exploited the Smart Contract Service code of the Hedera mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own accounts.

The Hedera team announced via Twitter on Friday that attackers exploited the Smart Contract Service code of the Hedera mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own accounts. The team explained that the attacker targeted accounts used as liquidity pools on multiple DEXs that use Uniswap v2-derived contract code ported over to use the Hedera Token Service.

However, the team prevented the attacker from being able to steal more tokens by turning off mainnet proxies, which removed user access to the mainnet. The team has identified the root cause of the issue and is working on a solution. Once the solution is ready, Hedera Council members will sign transactions to approve the deployment of updated code on the mainnet to remove this vulnerability, at which point the mainnet proxies will be turned back on, allowing normal activity to resume.

Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0571 at press time, down by 6% over the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.