On January 16th, Twitter user @0xBoboShanti monitored and reported that the redemption contract of the Fantom ecosystem project, Hector Network, was suspected of being attacked, resulting in a loss of approximately $2.7 million. Earlier today, Hector Network deployed a new contract for liquidation and transferred $11 million from a multi-signature address to the HectorRedemptionTreasury contract.

Previously, Jinse Finance reported that in July 2023, the HectorDAO community voted on a proposal to "liquidate Hector Network and redeem HEC tokens with funds from the treasury," and planned to redistribute all assets in the treasury to HEC token holders in proportion to their holdings.