Hedera blockchain undergoing technical irregularities, HBAR Foundation says

Quick Take

  • The HBAR Foundation, the non-profit behind the Hedera blockchain, said that it noticed irregularities.
  • The issue has reportedly affected various Hedera decentralized applications and their users.
  • The foundation said it was working with impacted partners and monitoring the situation to resolve the issue.

The HBAR Foundation, the organization behind the Hedera blockchain, said network irregularities are affecting various Hedera decentralized applications (dApps) and their users.

Hashport, a bridge project, said it temporarily paused services due to the smart contract irregularities on Hedera. Yet another project, Pangolin, a decentralized exchange in the Hedera ecosystem, advised users to withdraw liquidity from the platform.

"Due to some Hedera network irregularities, Hashport has paused their bridge, and we'd encourage anyone with HTS tokens in Pangolin Pools and Farms to withdraw immediately. This is a time critical moment, so we'll update as soon as we have more information," Pangolin said in a tweet.

The HBAR Foundation said it's working with affected partners and monitoring the situation to resolve the issue.

Exploit fears

SaucerSwap Labs, a DeFi project on Hedera, claimed there may be an ongoing exploit currently impacting the network. The exploit, according to SaucerSwap, targets the decompiling process in smart contracts.

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The HBAR Foundation didn't immediately respond to a request for comment on the possibility of an exploit. 

SaucerSwap further alleged that an unknown attacker has already targeted Pangolin and HeliSwap decentralized exchange pools containing wrapped assets, but it was not able to clarify if any tokens had been stolen.

"An ongoing exploit have hit the Hedera