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SaucerSwap on Hedera Announces Vulnerability in Smart Contract

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On March 10, the DeFi project SaucerSwap on Hedera tweeted that a persistent vulnerability had attacked the Hedera network. The target of the vulnerability was…

SaucerSwap on Hedera Announces Vulnerability in Smart Contract

On March 10, the DeFi project SaucerSwap on Hedera tweeted that a persistent vulnerability had attacked the Hedera network. The target of the vulnerability was the decompilation process in the smart contract. An attacker has attacked the Pangolin and HeliSwap pools containing wrapped assets. It is uncertain whether other HTS tokens are also risky. There is no report about the theft of SaucerSwap users’ funds at present, but as a preventive measure, we encourage everyone to withdraw their working capital immediately.

SaucerSwap: Hedera network is attacked, and users are advised to withdraw working capital

Analysis based on this information:


On March 10, SaucerSwap on Hedera, an emerging DeFi project, announced that they were attacked by a persistent vulnerability in the smart contract. The incident targeted the decompilation process in the smart contract, and an attacker successfully infiltrated Pangolin and HeliSwap pools that contained wrapped assets. The safety of other HTS tokens is still uncertain, and as a safety measure, SaucerSwap urges all users to withdraw their working capital as soon as possible.

This announcement sent shock waves through the emerging DeFi community, as many experts argued that smart contracts were not as secure as initially assumed. The flaw itself seems to be related to the network’s protocol, making it an issue for the entire platform rather than just a single DeFi project. The vulnerability exploited by the attacker represents one of the most significant threats to the entire network of distributed ledgers, and the damage caused by it can be extensive.

The announcement from SaucerSwap on Hedera serves as a wakeup call for the entire DeFi community. While advancements in smart contracts and the use of blockchain technology open up a vast array of uses, they also represent new vulnerabilities that must be addressed. The importance of security in the DeFi community cannot be overstated, as it forms the fundamental basis of trust and confidence in the platform.

As a proactive measure, SaucerSwap urges users to withdraw their working capital immediately. Any potential loss of funds can have a debilitating impact on both the individual user and the overall perception of the platform. The development team behind SaucerSwap must address the vulnerability as quickly as possible to prevent any further damage from occurring.

In conclusion, the announcement serves as a reminder that DeFi projects must remain vigilant to the evolving threats to the platform’s security. The SaucerSwap incident highlights the importance of constant risk assessment and may serve as a starting point for rethinking design and implementation practices for smart contracts. The community will likely take its cue from this incident and tighten up their security measures as a part of the prevention process for similar occurrences.

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