The HBAR Foundation, responsible for the Hedera blockchain, has confirmed reports of technical irregularities that are affecting various Hedera decentralized applications (dApps) and their users.
As a result, some dApps have temporarily paused their services, while others have advised users to withdraw their liquidity from the platform.
One of the affected dApps, Hashport, a bridge project, temporarily suspended its services due to smart contract irregularities on the Hedera blockchain. Similarly, Pangolin, a decentralized exchange on the Hedera ecosystem, advised its users to withdraw their liquidity due to network irregularities.
In a tweet, Pangolin advised users to act quickly, stating, “This is a time-critical moment, so we’ll update as soon as we have more information.”
SaucerSwap Labs, a DeFi project on the Hedera blockchain, also raised concerns about an ongoing exploit that could be impacting the network.
According to SaucerSwap, the exploit is targeting the decompiling process in smart contracts. While the HBAR Foundation did not immediately respond to this claim, they have confirmed that they are working with affected partners to resolve the issue and are closely monitoring the situation.
SaucerSwap also reported that an unknown attacker has already targeted Pangolin and HeliSwap decentralized exchange pools containing wrapped assets. However, it remains unclear if any tokens have been stolen.
In the context of smart contracts, decompiling is the process of converting compiled bytecode back into its original human-readable code.
While this process can be used to analyze and understand the behavior of a smart contract, it can also be used by malicious actors to gain unauthorized access or manipulate the smart contract. The exact nature of the alleged exploit on the Hedera blockchain remains unclear.
The HBAR Foundation and affected partners continue to investigate the situation, and more information will be provided as it becomes available. In the meantime, users of Hedera dApps are advised to exercise caution and closely monitor their accounts.