The Hedera (HBAR) team has confirmed the smart contract exploit that led to the theft of several liquidity pool tokens on the Hedera Mainnet.
A smart contract exploit took place on the Hedera network the other day. As a result of this exploit, several tokens on the Hedera Mainnet were stolen. The developer team behind the project acknowledged this exploit, explaining that it did not affect the network or the consensus layer.
Hedera Confirms Mainnet Abuse
A smart contract exploit was performed on the Hedera (HBAR) mainnet the other day. As a result of this exploit, many tokens in the project’s liquidity pool were stolen. Confirming the events, the team made statements regarding the developments.
Hedera said the attacker, who exploited smart contracts, targeted liquidity pool tokens. The developer team announced that it has detected that the attacker moved the stolen tokens over the Hashport Bridge, which consists of liquidity pool tokens on SaucerSwap, Pangolin and HeliSwap. In addition, the developer team did not disclose how much token the attacker stole.
Today, attackers exploited the Smart Contract Service code of the Hedera mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own account. (1/6)
— Hedera (@hedera) March 10, 2023
The Hedera team stated that in order to prevent the attacker from stealing more tokens, they turned off their proxies that cover user access on the mainnet. The team announced that it has started to investigate the root cause of these problems and will solve it as soon as possible.
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