According to ME News, on May 11 (UTC+8), Huma Finance tweeted that a vulnerability in its outdated v1 contract on Polygon was exploited by hackers earlier today, resulting in a loss of 101,400 USDC. Huma Finance stated that user funds were unaffected, PST remains unharmed, and the v2 system on Solana is a completely rebuilt version not susceptible to this vulnerability. The team had already been working to decommission the v1 liquidity pools and has now fully halted v1 operations. (Source: Foresight News)
Huma Finance Old v1 Contract on Polygon Hacked, 101,400 USDC Stolen
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Summary
Huma Finance confirmed on May 11 (UTC+8) that a vulnerability incident occurred in its old v1 contract on Polygon, resulting in the theft of 101,400 USDC. The team emphasized that user funds and the PST token remain unaffected. The v2 system on Solana is a fully rebuilt version and is not exposed to this vulnerability. Operations for v1 have been fully suspended, with decommissioning already in progress. The incident underscores the importance of on-chain news in tracking security events in DeFi.
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