Skip to main content
AVOID.NET
← Hederareviewed 2026-10-16 · 49 claims checked

Fact-check findings

What an automated fact-checker found when it re-read Hedera against the sources the page cites. Only the most recent review is shown.

Read this first

These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.

“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.

Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.

disputed 3unverifiable 3link rot 8partially supported 5confirmed 3011 corrections pending · 0 applied

disputed

3 claims

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

  1. #2[disputed][awaiting moderator]in the summary
    “requiring a full mainnet proxy shutdown for 41 hours”
    reviewerThe March 2023 exploit required a full mainnet proxy shutdown lasting 41 hoursThe summary conflates two different intervals from the cited source: the 41-hour figure is time from initial discovery of the attack to completed remediation, not the length of the proxy shutdown itself, which was roughly 30 hours. The page's own section 2 states the correct relationship ('41 hours after the initial discovery') but the summary mischaracterizes it as the shutdown duration.
    Proposed correction (not yet applied)
    requiring the Hedera DevOps team to disable mainnet proxy access for approximately 30 hours (with full remediation completed 41 hours after the attack was first discovered)
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/
  2. #13[disputed][awaiting moderator]in section: FBI Warning: NFT Airdrop Phishing Scams Targeting Hedera Users
    “These scam operations are distinct from the March 2023 protocol exploit and represent ongoing social engineering threats to the Hedera user base.”
    reviewerThe HashPack-documented scam operations are distinct from the March 2023 protocol exploitThis is a direct contradiction of the page's own cited source: HashPack's investigation explicitly ties the phishing-scam account to the March 2023 protocol exploit rather than separating them.
    Proposed correction (not yet applied)
    HashPack's investigation identifies account '2015717' as the same actor behind the March 9, 2023 Smart Contract Service exploit, meaning this scammer's broader microtransaction phishing campaigns and the March 2023 protocol-level theft are linked rather than distinct, and represent an overlapping, ongoing social engineering threat to the Hedera user base.
    citedwww.hashpack.app/community-blog/hederas-…hedera-ecosystem
  3. #25[disputed][awaiting moderator]in section: Intellectual Property History and Open Source Transition
    “Concurrent with this transition, Mance Harmon and Dr. Leemon Baird departed their executive roles at Hedera Hashgraph, LLC and continued their involvement in the ecosystem through Swirlds as peer members of the Governing Council.”
    reviewerMance Harmon and Dr. Leemon Baird departed their executive roles concurrent with the August 2022 open-source transitionThe departure was announced and took effect in spring 2022 (announced Jan 19, formalized April 29, effective May 1), well before the August 5, 2022 open-source milestone the page ties it to. The two events are related parts of the same restructuring but not concurrent.
    Proposed correction (not yet applied)
    Several months before this transition was completed, Mance Harmon and Dr. Leemon Baird departed their executive roles at Hedera Hashgraph, LLC (effective May 1, 2022) and continued their involvement in the ecosystem through Swirlds as peer members of the Governing Council.
    citedhedera.com/blog/hedera-governing-council…dger-technology/

unverifiable

3 claims

No source the reviewer could reach confirms or contradicts the claim.

  1. #15[unverifiable][awaiting moderator]in section: Governance Structure and Centralization Concerns
    “In November 2024, the Council approved governance reforms reducing the board size from seven to five members, with two seats designated for members unaffiliated with council organizations.”
    reviewerIn November 2024 the Council approved governance reforms reducing the board from seven to five members, with two unaffiliated seatsReal governance reforms ('Phase 4') were approved around November 14-15, 2024, but no source consulted confirms the specific 'seven to five, two unaffiliated seats' figures; one weak data point (an eight-director roster) is in tension with both the pre- and post-reform counts claimed.
    citedhederacouncil.org/hedera.com/blog/a-new-era-for-hedera/
  2. #37[unverifiable][awaiting moderator]in the timeline
    “Hedera mainnet upgraded with patch (version 0.34.5) blocking delegateCall to HTS precompile contracts; full service restored at 02:04 UTC, 41 hours after initial attack discovery.”
    reviewerTimeline: mainnet upgraded with patch version 0.34.5 and fully restored 02:04 UTC March 11, 2023, 41 hours after discoveryThe time and remediation details are confirmed elsewhere, but the specific 'version 0.34.5' label could not be verified or refuted from any source consulted.
  3. #38[unverifiable][awaiting moderator]in the timeline
    “Hedera Governing Council approved governance reforms, reducing board size from seven to five members with two unaffiliated seats.”
    reviewerTimeline: Hedera Governing Council approved governance reforms on 2024-11-15 reducing board from seven to five membersSame unresolved claim as in sections[3]; date of the Council meeting (Nov 14-15, 2024) is confirmed, but the specific board-size figures are not.

partially supported

5 claims

The cited evidence supports part of the claim but not all of it.

  1. #9[partially supported][awaiting moderator]in section: March 2023 Smart Contract Exploit
    “Hedera subsequently conducted a full security audit of the Smart Contract Service and found no additional vulnerabilities.”
    reviewerHedera conducted a full security audit of the Smart Contract Service after the exploit and found no additional vulnerabilitiesThe underlying finding (no additional vulnerabilities found) is corroborated, but calling it a 'full security audit' overstates an internal self-review; no independent auditor's report was found.
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/
  2. #11[partially supported][awaiting moderator]in section: FBI Warning: NFT Airdrop Phishing Scams Targeting Hedera Users
    “Hedera has publicly stated the network does not conduct airdrops.”
    reviewerHedera has publicly stated the network does not conduct airdropsNone of the four sources cited for this section support this sentence; two of them (FBI, BleepingComputer) describe the airdrop feature as something Hedera itself built for marketing, in tension with a blanket 'does not conduct airdrops' statement. Independent research found Hedera's official account did disclaim scam airdrops specifically via a February 2024 social media post, so the underlying point is directionally true but unsupported by the sources actually cited on the page.
    citedwww.ic3.gov/PSA/2025/PSA250603www.fbi.gov/investigate/cyber/alerts/202…-as-free-rewardswww.bleepingcomputer.com/news/security/f…shgraph-wallets/
  3. #21[partially supported][awaiting moderator]in section: Token Economics and Distribution Concerns
    “The token reached $0.39–$0.40 in late 2024 and January 2025 before declining over 70% by the end of Q1 2025.”
    reviewerHBAR reached $0.39-0.40 in late 2024/January 2025 before declining over 70% by the end of Q1 2025The price levels and timing ($0.39-0.40 in January 2025) are accurate, but the magnitude of the subsequent decline by end of Q1 2025 is overstated; available price-history data points to roughly a 56-63% drawdown rather than 'over 70%.'
    citedwww.bitget.com/academy/hbar-hedera-guidecoinmarketcap.com/currencies/hedera/
  4. #29[partially supported][awaiting moderator]in section: Regulatory Status
    “Hedera's own regulatory disclosures have acknowledged that the company has neither sought nor received a no-action letter or other official relief from the SEC or any other regulatory body.”
    reviewerHedera's own regulatory disclosures acknowledge it has neither sought nor received a no-action letter or other official relief from the SEC or any regulatorThe specific page cited for this claim no longer contains supporting content (link rot), though the underlying point is indirectly corroborated by a different filing (Grayscale's S-1) that is not itself a Hedera disclosure.
    citedhelp.hedera.com/hc/en-us/articles/360002…to-be-securities
  5. #39[partially supported][awaiting moderator]in the timeline
    “HBAR reached approximately $0.40, a multi-year high driven by post-election crypto rally, before declining over 70% by end of Q1 2025.”
    reviewerTimeline: HBAR reached approximately $0.40 in 2025, a multi-year high from a post-election rally, before declining over 70% by end of Q1 2025Same underlying overstatement of decline magnitude as in sections[4]; grouped under the same defect.

confirmed

30 claims

The cited evidence supports the claim as written.

  1. #1[confirmed][no action needed]in the summary
    “Hedera is a public distributed ledger technology platform using a patented hashgraph consensus mechanism, launched to mainnet in September 2019.”
    reviewerHedera mainnet launched in September 2019Multiple contemporaneous sources (Hedera's own blog, CrowdfundInsider, TheBlock) confirm mainnet Open Access on September 16, 2019.
    citeden.wikipedia.org/wiki/Hedera_(distributed_ledger)
  2. #3[confirmed][no action needed]in section: Protocol Overview
    “Hedera claims throughput exceeding 10,000 transactions per second (TPS) with finality in 3 to 5 seconds and average transaction fees of approximately $0.0001 USD.”
    reviewerHedera claims throughput exceeding 10,000 TPS, finality in 3-5 seconds, fees ~$0.0001, and a 50 billion fixed max HBAR supplyFramed correctly as Hedera's own marketing claim rather than an independently audited benchmark.
    citedwww.bitget.com/academy/hedera-hbar-blockchain
  3. #4[confirmed][no action needed]in section: Protocol Overview
    “The platform's native token is HBAR, with a fixed maximum supply of 50 billion tokens.”
    reviewerHBAR has a fixed maximum supply of 50 billion tokensWell-corroborated across multiple sources.
    citedwww.bitget.com/academy/hedera-hbar-blockchain
  4. #5[confirmed][no action needed]in section: March 2023 Smart Contract Exploit
    “Tokens stolen included approximately 1,001 DAI, 66,997 USDT, 287,998 USDC, and 3,630,000 WHBAR, totaling approximately $600,000 USD at the time of the attack.”
    reviewerApproximately $600,000 in DAI, USDT, USDC and WHBAR was stolen from Pangolin, SaucerSwap and HeliSwap on March 9, 2023Matches the cited primary source exactly.
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/www.theblock.co/post/218714/hedera-confi…contract-service
  5. #6[confirmed][no action needed]in section: March 2023 Smart Contract Exploit
    “The Hedera DevOps team disabled mainnet proxy access at 20:18 UTC on March 9, preventing both further theft and user access.”
    reviewerMainnet proxy access was disabled at 20:18 UTC on March 9, 2023Confirmed verbatim against the primary source.
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/
  6. #7[confirmed][no action needed]in section: March 2023 Smart Contract Exploit
    “A fix was developed and tested within 13 hours of initial notification.”
    reviewerA fix was developed and tested within 13 hours of initial notificationEssentially accurate; minor terminology drift from the source's 'discovering the vulnerability' to 'initial notification'.
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/
  7. #8[confirmed][no action needed]in section: March 2023 Smart Contract Exploit
    “The mainnet was upgraded and fully restored at 02:04 UTC on March 11, 41 hours after the initial discovery.”
    reviewerThe mainnet was upgraded and fully restored at 02:04 UTC on March 11, 41 hours after initial discoveryDirectly confirmed, word-for-word consistent with the cited primary source.
    citedhedera.com/blog/analysis-remediation-of-…-hedera-network/
  8. #10[confirmed][no action needed]in section: FBI Warning: NFT Airdrop Phishing Scams Targeting Hedera Users
    “In June 2025, the FBI's Internet Crime Complaint Center (IC3) issued a formal public service announcement warning that cybercriminals were actively defrauding Hedera Hashgraph non-custodial wallet users through NFT airdrops disguised as free rewards.”
    reviewerIn June 2025 the FBI's IC3 issued a PSA warning about NFT airdrop phishing targeting Hedera wallet usersConfirmed directly against the live IC3 page.
    citedwww.ic3.gov/PSA/2025/PSA250603www.fbi.gov/investigate/cyber/alerts/202…-as-free-rewards
  9. #12[confirmed][no action needed]in section: FBI Warning: NFT Airdrop Phishing Scams Targeting Hedera Users
    “A separate investigation by HashPack — a Hedera wallet provider — documented a specific prolific scammer active since at least November 2022, operating under account identifier '2015717', who conducted mass microtransaction campaigns to tens of thousands of accounts directing victims to cloned versions of the Hedera website and fake wallet interfaces.”
    reviewerHashPack documented a scammer behind account '2015717' active since November 2022 running mass microtransaction phishing campaignsCore facts about the account and its scam pattern are corroborated by the article's cached content, though the live URL no longer resolves.
    citedwww.hashpack.app/community-blog/hederas-…hedera-ecosystem
  10. #14[confirmed][no action needed]in section: Governance Structure and Centralization Concerns
    “Hedera operates under a Governing Council model comprising up to 39 global organizations, including Google, IBM, Dell Technologies, Boeing, Deutsche Telekom, LG Electronics, Standard Bank, Chainlink Labs, and Ubisoft as of 2025.”
    reviewerHedera's Governing Council comprises up to 39 global organizations39-seat cap is well documented across primary and secondary sources; could not individually re-verify every named company's current membership.
    citedhederacouncil.org/
  11. #16[confirmed][no action needed]in section: Governance Structure and Centralization Concerns
    “Academic research published on arXiv found that the Hedera network exhibits a high concentration of wealth and a shrinking intermediary core that handles a disproportionate share of transactions.”
    reviewerAcademic research on arXiv found Hedera exhibits high wealth concentration and a shrinking intermediary core handling a disproportionate share of transactionsConfirmed; accurately summarizes the paper's central finding.
    citedarxiv.org/pdf/2311.06865
  12. #17[confirmed][no action needed]in section: Token Economics and Distribution Concerns
    “One analysis noted that between Hedera's Q4 2022 treasury report and a subsequent treasury management report, unallocated supply fell from several billion HBAR to just 0.13% of total supply while purchase agreement allocations nearly doubled to 25.4% of total supply.”
    reviewerUnallocated HBAR supply fell to 0.13% while purchase agreement allocations rose to 25.4% of total supplyDirectly confirmed against the cited live source.
    citedwww.disruptionbanking.com/2025/09/26/hba…-the-token-back/
  13. #18[confirmed][no action needed]in section: Token Economics and Distribution Concerns
    “Daily active accounts fell from approximately 10,100 to 6,700 quarter-over-quarter in mid-2025, suggesting user growth has not kept pace with infrastructure development.”
    reviewerDaily active accounts fell from approximately 10,100 to 6,700 quarter-over-quarter in mid-2025Directly confirmed.
    citedwww.disruptionbanking.com/2025/09/26/hba…-the-token-back/
  14. #19[confirmed][no action needed]in section: Token Economics and Distribution Concerns
    “HBAR's all-time high was approximately $0.57 in September 2021.”
    reviewerHBAR's all-time high was approximately $0.57 in September 2021Well-corroborated across price-data sources, with minor variance ($0.569-$0.583) depending on data provider.
    citedcoinmarketcap.com/currencies/hedera/
  15. #20[confirmed][no action needed]in section: Token Economics and Distribution Concerns
    “As of mid-2026, HBAR trades near $0.09, approximately 84% below its all-time high.”
    reviewerAs of mid-2026, HBAR trades near $0.09, approximately 84% below its all-time highConsistent with available 2026 price data, though exact snapshots found were from January-February 2026 rather than literally 'mid-2026'.
    citedcoinmarketcap.com/currencies/hedera/
  16. #22[confirmed][no action needed]in section: Intellectual Property History and Open Source Transition
    “Swirlds held three U.S. patents protecting the platform, granted in 2016.”
    reviewerSwirlds held three U.S. patents protecting the hashgraph platform, granted in 2016Confirmed against the specific source cited on the page; a lower-credibility secondary source suggests the full patent grant history may be more spread out, but doesn't rise to a dispute given the page's cited source backs the claim exactly.
    citedcryptobriefing.com/legal-analysis-can-pa…edera-hashgraph/
  17. #23[confirmed][no action needed]in section: Intellectual Property History and Open Source Transition
    “In January 2022, the Hedera Governing Council voted to purchase the hashgraph IP rights from Swirlds, Inc.”
    reviewerIn January 2022 the Hedera Governing Council voted to purchase the hashgraph IP from Swirlds, Inc. and commit to Apache 2.0 open-sourcingConfirmed exactly against the primary source.
    citedhedera.com/blog/hedera-governing-council…dger-technology/
  18. #24[confirmed][no action needed]in section: Intellectual Property History and Open Source Transition
    “The transition to open source was completed on August 5, 2022.”
    reviewerThe transition to open source was completed on August 5, 2022Self-reported by Hedera but not contradicted by any independent source found.
    citedhedera.com/blog/hedera-governing-council…dger-technology/
  19. #26[confirmed][no action needed]in section: Regulatory Status
    “A Grayscale spot HBAR ETF application was under SEC review as of late 2025, with a November 12, 2025 deadline set by the SEC for its decision.”
    reviewerA Grayscale spot HBAR ETF application was under SEC review with a November 12, 2025 decision deadlineConfirmed.
    citedcrypto.news/sec-deadline-grayscale-spot-…f-decision-2025/
  20. #27[confirmed][no action needed]in section: Regulatory Status
    “A Canary Capital HBAR ETF launched in October 2025 and accumulated approximately $93 million in net inflows.”
    reviewerA Canary Capital HBAR ETF launched in October 2025 and accumulated approximately $93 million in net inflowsLaunch date and cumulative inflow figure both check out, though the $93M figure represents cumulative inflows some months after the October 2025 launch rather than an immediate launch-day figure.
    citedcrypto.news/sec-deadline-grayscale-spot-…f-decision-2025/
  21. #28[confirmed][no action needed]in section: Regulatory Status
    “An S-1 registration statement for an HBAR-related product was filed with the SEC in 2025.”
    reviewerAn S-1 registration statement for an HBAR-related product was filed with the SEC in 2025Confirmed directly against the live SEC filing.
    citedwww.sec.gov/Archives/edgar/data/2084948/…bar-20250909.htm
  22. #30[confirmed][no action needed]in the timeline
    “Swirlds, Inc. granted three U.S. patents protecting the hashgraph consensus algorithm invented by Dr. Leemon Baird.”
    reviewerTimeline: Swirlds granted three U.S. patents in 2016Consistent with sections[5] finding.
    citedcryptobriefing.com/legal-analysis-can-pa…edera-hashgraph/
  23. #31[confirmed][no action needed]in the timeline
    “Hedera mainnet launched for open public access with HBAR as the native token.”
    reviewerTimeline: Hedera mainnet launched for open public access on 2019-09-16Date confirmed against primary source.
  24. #32[confirmed][no action needed]in the timeline
    “HBAR reached its all-time high price of approximately $0.57 USD.”
    reviewerTimeline: HBAR reached its all-time high of approximately $0.57 on 2021-09-15Consistent with sections[4] finding.
  25. #33[confirmed][no action needed]in the timeline
    “Hedera Governing Council voted to purchase the hashgraph intellectual property from Swirlds, Inc. and committed to releasing it under the Apache 2.0 open-source license.”
    reviewerTimeline: Hedera Governing Council voted on 2022-01-19 to purchase the hashgraph IP and open-source under Apache 2.0Confirmed.
  26. #34[confirmed][no action needed]in the timeline
    “Hedera codebase transitioned to open source under Apache 2.0, completing the IP acquisition and open-sourcing commitment.”
    reviewerTimeline: Hedera codebase transitioned to open source under Apache 2.0 on 2022-08-05Consistent with the sections[5] claim; not independently corroborated outside Hedera's own materials.
  27. #35[confirmed][no action needed]in the timeline
    “Prolific scammer (account '2015717') allegedly began mass airdrop phishing campaigns targeting Hedera wallet users, sending fraudulent memos to tens of thousands of accounts.”
    reviewerTimeline: account '2015717' allegedly began mass airdrop phishing campaigns in 2022-11Appropriately hedged with 'allegedly'; consistent with sections[2] findings.
  28. #36[confirmed][no action needed]in the timeline
    “Attacker exploited a delegatecall precompile bug in Hedera's Smart Contract Service, stealing approximately $600,000 in tokens (DAI, USDT, USDC, WHBAR) from liquidity pools at Pangolin, SaucerSwap, and HeliSwap. Mainnet proxy access disabled at 20:18 UTC.”
    reviewerTimeline: 2023-03-09 exploit stole ~$600,000 from Pangolin, SaucerSwap, HeliSwap; proxy disabled 20:18 UTCConsistent with sections[1].
  29. #40[confirmed][no action needed]in the timeline
    “Canary Capital HBAR ETF launched, accumulating approximately $93 million in net inflows.”
    reviewerTimeline: Canary Capital HBAR ETF launched in 2025-10, accumulating approximately $93 million in net inflowsConsistent with sections[6].
  30. #41[confirmed][no action needed]in the timeline
    “FBI Internet Crime Complaint Center (IC3) issued formal public service announcement warning of cybercriminals defrauding Hedera Hashgraph non-custodial wallet users through NFT airdrop phishing schemes.”
    reviewerTimeline: FBI IC3 issued its PSA on 2025-06-03Confirmed.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.