TechFlow news: Helio Protocol, the issuer of the stablecoin HAY, tweeted that it has completed internal security checks and protocol functions have been restored. The liquidation function will remain paused to allow users time to adjust their debt positions and avoid liquidations.
As previously reported, on December 2, an address exploited a vulnerability in Ankr to deposit 10 BNB as collateral for aBNBc, borrowed HAY, and swapped it for 15 million BUSD, causing HAY to significantly depeg the same day. Helio Protocol stated that all staked BNB is safe and temporarily suspended all protocol functions. On December 9, Helio announced the HAY buyback address, having already repurchased over 6.843 million HAY. Original link
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