Developers Announce Trouble With This Altcoin Network

From leading blockchain networks Hedera The HBAR Foundation, led by its developers, announced that different decentralized application (DApp) platforms and users are negatively impacted due to network irregularities.

Platforms using the Hedera network made the community aware of the problem with their successive posts. From network bridge projects hashporttemporarily suspended its activities due to the irregularity problem in smart contracts.

Decentralized exchange (DEX) startup operating in the Hedera ecosystem pangolin recommended that users withdraw their money from the platform.

“Due to some erratic activity on the Hedera network, Hashport has decided to cease its bridge service. We recommend that you immediately transfer the cryptocurrencies you hold in Pangolin pools to your own account. We’ll keep you posted as soon as we get more information.”

HBAR Foundation, on the other hand, announced that they are in contact with the affected platforms and that they are making great efforts to solve the problem.

TVL Value Down 25%!

After the negative development related to Hedera, the total value of cryptocurrencies locked in the network suddenly fell by 25% to 26.5 million dollars.

The local token of the ecosystem was also negatively affected by the bad news. HBAR, which has been in free fall for about a month, has lost 5.50% of its value today due to both negative news and the general decline of the market and is trading at $ 0.056.

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