In a Twitter announcement, Hedera confirmed an exploit in its mainnet, leading to a loss of liquidity tokens. However, the firm noted the exploit did not impact its consensus layer.
Network exploitation is among the challenges of many crypto projects, with DeFi protocols recording the highest hack incidents since 2021. The latest exploit is that of Hedera, a decentralized, open-source, proof-of-stake public ledger.
Hedera Discloses Details of Mainnet Exploit
Hadera is the firm behind distributed ledger Hedera Hashgraph. In the latest hack, the attackers exploited the Smart Contract service code of its mainnet and transferred service tokens from user accounts to their accounts.