Security Incident · ETH Ecosystem
Hector Network Security Incident: $2.70M Reported Loss
Another $2.7 million is gone after an apparent thief was able to exploit a smart contract that was intended to distribute payouts to Hector's token holders.
- Reported loss
- $ 2,700,000
Incident Overview
They then swapped the tokens from the USDC stablecoin to ETH. Investors in the project are furious, especially because various parties had warned Hector Network about apparently insecure practices. Hector Network's team, meanwhile, have not acknowledged the theft, although a law firm involved in the project liquidation promised a statement would be forthcoming.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.