Briefium Intelligence Dispatch
$5.25 million stolen in suspected Hedera network exploit as funds move to Ethereum
July 11, 2026 at 12:07 PM UTC•7 hours ago
Hedera faces a cross-chain exploit worth $5.25 million as funds moved from Hedera to Ethereum via LayerZero, with the attacker using Tornado Cash to seed a wallet holding ~2,360 ETH ($4.25M) and 15.58 WBTC ($1M). While Hedera hasn’t confirmed the breach, investigators are parsing transactions to identify the vulnerability. This follows prior Hedera security incidents and coincides with the US spot HBAR ETF launch, intensifying security scrutiny for Hedera and ETF holders.
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