Post Mortem: Hector Network
ID: 72ac1594-c382-55d0-a167-a594866f19a7
STIX ID: report--72ac1594-c382-55d0-a167-a594866f19a7
Feed Name: CertiK Blog
Threat Score
Hector Network suffered a $2.7M theft on Jan 15, 2024 after a centralized "AddEligibleWallet" moderator role was used to mark addresses that could invoke mintWithdraw/transferRedemption and drain the treasury; CertiK had warned of centralization risk in a Dec 19, 2023 audit but the design decision to keep the centralized mechanism left the vulnerability unmitigated.
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