Helio Protocol: Re-pegging of $HAY Can't Complete Today, Needs More Time

Stablecoin Protocol Helio gave an update regarding its exploit, saying it has started the first batch of buy back process for $HAY. The process is expected to take place gradually, and the complete re-pegging of $HAY needs more time, and can't be achieved by the protocol's previous ETA of December 6th.

Helio will share all relevant information and addresses with the community once the recovery plan is completed, to prevent any potential exploit or front running that could happen during the buyback process.

According to TokenInsight data, $HAY is trading at $0.858179 now.