According to on-chain detective Specter, Hedera Network was suspected of being hacked. The attacker has cross-chained over 3.70 million USD from Hedera Network to Ethereum via LayerZero. The stolen funds are currently being exchanged from WBTC to ETH.

The theft addresses include 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 and 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e.

[Odaily]

Hedera’s native token HBAR has fallen more than 2% after blockchain security researchers reported that a suspected exploit had moved more than $5.8 million in assets from the Hedera network to Ethereum.

According to blockchain security researcher Specter, the suspected attacker had already bridged more than $3.7 million worth of assets from Hedera to Ethereum before continuing to move additional funds. There appears to be an ongoing hack involving @hedera Network, with over $3.7M already bridged to Ethereum by the attacker. The stolen funds are currently being swapped from WBTC for ETH after being bridged from the Hedera network via Layerzero. Theft addresses:… pic.twitter.com/KSxd3K2vlu

Specter said the stolen assets were being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH) after crossing chains through LayerZero. The researcher also published two wallet addresses believed to be linked to the incident. At the time of writing, CryptoBull360 reported that the wallet’s estimated value had increased to roughly $5.8 million, indicating that more assets had reached Ethereum after the initial transfers. The shared wallet data showed holdings of about 3,203 ETH, representing nearly 80% of the portfolio, alongside roughly 20% in WBTC.

According to data from crypto.news, Hedera ( HBAR ) price traded around $0.069, down more than 2% following the reports of the suspected exploit. As additional transactions appeared on-chain, blockchain security firm PeckShield said the suspected exploit had already transferred approximately $5.25 million from the Hedera mainnet to Ethereum. The firm added that the wallet held around 2,360 ETH, valued at roughly $4.25 million, and 15.58 WBTC, worth about $1 million, at the time of its analysis.

#PeckShieldAlert Specter has reported that @hedera Network appeared to be exploited, with $5.25M in stolen funds already bridged from #Hedera Mainnet to Ethereum. The hacker originally funded 1 ETH from #TornadoCash and now holds 2.36K ETH ($4.25M) &amp; 15.58 WBTC ($1M) in the… pic.twitter.com/bPcKx0FXpO PeckShield also reported that the wallet had originally been funded with 1 ETH from Tornado Cash, citing on-chain transaction history. The observation identifies the source of the wallet’s initial funding but does not establish who controls the address or who carried out the alleged attack.

The wallet screenshots shared by both Specter and PeckShield showed a series of inbound transfers arriving within a short period before the assets were converted into ETH. Neither Specter nor PeckShield identified the party responsible for the suspected exploit, and no official estimate of the total losses had been released at the time of writing. The reported value of the stolen assets continued to change as additional funds were observed moving through the wallet.

The incident is still developing, with blockchain security researchers continuing to monitor the addresses and publish updates as new transactions appear on-chain. Meanwhile, market participants are watching for an official statement from the Hedera team regarding the reported exploit and any measures taken to contain its impact.

The Hedera incident comes amid a series of security-related developments reported by crypto.news in recent weeks. Blockaid recently said it detected an active exploit targeting Summer.fi, estimating losses of about $6 million at the time of its alert. Separately, Ctrl Wallet announced it will permanently shut down after a security exploit affecting some Cardano wallets, giving users until Aug. 3 to withdraw their assets. Meanwhile, crypto.news also reported that Secret Network has proposed migrating SCRT from Cosmos to Arbitrum, with the team citing security risks, weaker liquidity, and an aging codebase in its July 7 governance proposal.

HBAR

MAG7.SSI

WBTC

Suspected Hedera exploit sends over $5.8M to Ethereum as HBAR slips

Hedera (HBAR) has reportedly suffered an exploit, which caused losses of more than $5 million. Blockchain researcher Specter first flagged the incident on Saturday. The attacker moved stolen assets off Hedera and converted them into Ethereum (ETH), according to on-chain trackers monitoring the wallets. The tracked figure has climbed steadily since the theft surfaced.

Specter reported that the attacker bridged funds from Hedera to Ethereum using LayerZero (ZRO). The stolen holdings were swapped from Wrapped Bitcoin (WBTC) into ETH. The tracked total rose quickly. It moved from $3.7 million to more than $4 million, then to more than $5 million.

Security firm PeckShield later put the bridged amount at about $5.25 million. It said the attacker’s wallet held roughly 2.36K ETH, worth $4.25 million, and 15.58 WBTC, worth about $1 million. PeckShield added that the attacker originally funded the wallet with 1 ETH routed through Tornado Cash, a mixing tool often used to obscure the source of funds.

The incident adds to a run of thefts this month. According to DefiLlama, three hacks targeting crypto platforms occurred in July, resulting in combined losses exceeding $28 million. Those include a $6 million exploit of the DeFi protocol Summer.fi and a $20 million governance attack on the BONK DAO.

The pace reflects a wider trend. Security incidents climbed roughly 50% in the first half of 2026, even as total losses fell, according to a SlowMist report. Hedera has not issued a public statement on the current incident as of press time. BeInCrypto has reached out to Hedera for comment. This is a developing story.

Hedera Network Reportedly Hit by Exploit With Losses Climbing Past $5 Million

On July 11 (UTC+8), according to on-chain detective Specter, Hedera Network was疑似 attacked by a hacker. The attacker has bridged over $3.7 million from Hedera Network to Ethereum via LayerZero.

The stolen funds are currently being swapped from WBTC to ETH. (Source: BlockBeats)

[ME News]

Hedera Network疑似遭黑客攻击，攻击者已跨链370万美元至Ethereum

On July 11, according to on-chain detective Specter, Hedera Network was suspected of being attacked by hackers. The attacker has cross-chained over $3.70 million from Hedera Network to Ethereum via LayerZero. The stolen funds are currently being exchanged from WBTC to ETH.

[BlockBeats]

July 11th, according to on-chain sleuth Specter, Hedera Network has reportedly been targeted in a hack, with the attacker using LayerZero to cross-chain over $3.7 million from Hedera Network to Ethereum.

The stolen funds are currently being swapped from WBTC to ETH.

[BlockBeats]

The Hedera Network appears to have been hacked, with the attacker cross-chain transferring $3.7 million to Ethereum

According to analyst Specter's monitoring, the Hedera network is suspected of being under attack, with the attacker having transferred over $3.70 million to Ethereum via a cross-chain bridge.

The stolen funds, after being cross-chained from the Hedera network via LayerZero, are currently being exchanged from WBTC to ETH.

[ChainCatcher]

Hedera Network疑似遭黑客攻击，损失约370万美元

According to analyst Specter's monitoring, the Hedera network is suspected of being under attack, with the attacker having transferred over $3.70 million to Ethereum via a cross-chain bridge. The stolen funds were cross-chained from the Hedera network through LayerZero and are currently being exchanged from WBTC to ETH.

[PANews]

Hedera network疑似遭受攻击，attackers have transferred over $4.00 million in assets.

According to on-chain detective Specter, Hedera Network was suspected of being hacked. The attacker has cross-bridged over $3.70 million from Hedera Network to the Ethereum network via LayerZero.

[Foresight News]

Hedera Network疑似遭黑客攻击，损失约370万美元资金

据链上侦探 Specter 监测，Hedera Network 疑似遭黑客攻击，攻击者已通过 LayerZero 从 Hedera Network 跨链超 370 万美元至 Ethereum，被盗资金目前正从 WBTC 兑换为 ETH。

盗窃地址包括 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 和 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e。

[Odaily星球日报]

Hedera Network疑似遭黑客攻击，攻击者已跨链370万美元至Ethereum


據鏈上偵探 Specter 監測，Hedera Network 疑似遭黑客攻擊，攻擊者已通過 LayerZero 從 Hedera Network 跨鏈超 370 萬美元至 Ethereum，被盜資金目前正從 WBTC 兌換為 ETH。

盜竊地址包括 0x9A4966152F6e10b33Cb7a37975e8619816d6a494 和 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e。

[Odaily星球日報]