Hedera's Mainnet Shutdown Sparks Panic: HBAR Drops 18%

• Hedera’s recent security breach caused panic on Crypto Twitter.
• Hedera blockchain wallets are showing zero balance for investors.
• HBAR dropped 5.5% in the last 24 hours and 18% since last week.

The emerging open-source public blockchain Hedera (HBAR) officially halted its mainnet after a hacker managed to hack the smart contract and drain numerous wallets. According to the latest statement on Hedera’s official Twitter, the fraudster exploited the smart contract service of Hedera’s mainnet.

Further, the hackers took the wallets in liquidity pools on DEXs as the primary target. Millions of Hedera (HBAR) tokens were siphoned and bridged via the Hashport Network. However, the bridge operators managed to spot...

Continue reading on DailyCoin.