Hooked Protocol: uHGT has security issues, a patch has been deployed

ChainCatcher news, the Web3 social network Hooked Protocol has indicated that it has noticed a minor security issue with its uHGT token, and the team has deployed a fix to address this issue. Funds in BUSD and HOOK are safe. Hooked Protocol will soon deploy a new in-game token to resolve this issue. An explanatory statement will be released shortly.

It is reported that both HGT and uHGT are non-transferable tokens within the ecosystem, with uHGT originating from the mechanism that manages HGT liquidity. However, scientists discovered a vulnerability that allowed uHGT to be traded and created a pool on Pancakeswap, although the official team does not acknowledge this. In this incident, the address (0x3b8…a38b) sold 5,720,534,771.207 uHGT through Pancakeswap at 20:06 Beijing time, profiting 65,000 BUSD, which caused the uHGT price to plummet by 99.99%. (Source link)