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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
53326 Members
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© 2020 Relevant Protocols Inc.
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"A nebulous threat rattled the entire Hedera ecosystem, yesterday. Fear, rumour and suspicion took hold as both users and devs attempted to make sense of the chaos. The “proof-of-stake public ledger”, built on blockchain-alternative Hashgraph, saw its TVL plunge by a third since the attack, from $36.8M to $24.6M. The HBAR Foundation announced “network irregularities” and, given the widespread nature of the attack, users frantically sought a safe haven for their funds. Dapps from across the network were affected, including AMMs Pangolin and Heliswap. After an initial panic, the larger SaucerSwap stated that their users had not been affected. The Hashport bridge was deactivated in response to the attack. The lack of certainty caused chaos, and what turned out to be around $515k stolen by the attacker, turned into $12M of damage to the ecosystem."
"A nebulous threat rattled the entire Hedera ecosystem, yesterday. Fear, rumour and suspicion took hold as both users and devs attempted to make sense of the chaos. The “proof-of-stake public ledger”, built on blockchain-alternative Hashgraph, saw its TVL plunge by a third since the attack, from $36.8M to $24.6M. The HBAR Foundation announced “network irregularities” and, given the widespread nature of the attack, users frantically sought a safe haven for their funds. Dapps from across the network were affected, including AMMs Pangolin and Heliswap. After an initial panic, the larger SaucerSwap stated that their users had not been affected. The Hashport bridge was deactivated in response to the attack. The lack of certainty caused chaos, and what turned out to be around $515k stolen by the attacker, turned into $12M of damage to the ecosystem."
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