Hedera, a decentralized proof-of-stake ledger, has suspended its network services due to "network irregularities" that it has been experiencing.
"In an abundance of caution for users, @hedera network services will not be accessible during this period of time. This includes wallets, decentralized & centralized exchanges, decentralized applications, etc." Hedera explained in a reply.
In an abundance of caution & safety for users, @Hedera is turning off network proxies on mainnet, making it inaccessible.@Hedera core is working through the smart contract irregularities & will re-enable proxies once resolved.
— Hedera (@hedera) March 9, 2023
Visit https://t.co/heOGAb4jq3 for the latest.
Speculation on social media platforms has been fueled by the report of irregular activity, leading to suggestions that the platform may have been attacked by hackers. Hedera, however, has neither confirmed nor denied these rumors.
1/ There's an ongoing exploit hitting Hedera.
— Ignas | DeFi Research (@DefiIgnas) March 9, 2023
All Hedera dApps using Hedera Token Service (HTS), like LP tokens or wrapped tokens are affected.
The exploit is targeting the decompiling process in smart contracts.
Advice: "Get your funds out now." pic.twitter.com/H5jOhLg9od
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