Hack Attack on Turks’ Favorite Altcoin: Withdraw Assets Alert!

One of the favorite altcoins of Turkish investors, Hederais facing an ongoing hacking attack targeting the parsing process in smart contracts. Decentralized exchange (DEX) SaucerSwap Labs requests users to withdraw their liquidity did.

A DEX on the Hedera Network SaucerSwap Labsurged users to “pull back liquidity” immediately, alleging that an ongoing exploit had hit the blockchain. According to DefiLlama, Total Value Locked (TVL) dropped by about 25% in 24 hours at the time of writing.

Hedera Locked Value Decreased by 25%

The parsing process transforms the bytecode of the contract into a more readable Solidity-like code, resulting in better understanding.

Hasport paused its bridging facilities to ensure the safety of users’ funds. DEX Pangolin also asked users to withdraw tokens from Pangolin pools and farms. However, SaucerSwap recently confirmed that they are not affected by the exploit.

Total Value Locked (TVL) on the Hedera network has dropped by nearly 25% in 24 hours at the time of writing.


Details will be added in case of further development.

You can follow the current price action here.

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