Hedera Network Reportedly Hit by $5.25 Million Exploit

Hedera faced a security incident as PeckShield reports a suspected exploit causing roughly $5.25 million in funds bridged from Hedera to Ethereum. The attacker reportedly started with 1 ETH from Tornado Cash and currently holds about 2,360 ETH and 15.58 WBTC. Investigations are ongoing to track stolen funds. The breach raises security concerns for the Hedera network and underscores the need for rigorous monitoring and rapid incident response.