Briefium Intelligence Dispatch
Hedera Network Reportedly Hit by Exploit With Losses Climbing Past $5 Million
July 11, 2026 at 9:24 AM UTC•3d ago
Hedera suffered a significant exploit with losses surpassing $5 million, per on-chain trackers. The attacker bridged funds from Hedera to Ethereum via LayerZero, swapping WBTC for ETH and moving the assets through Tornado Cash. At press time, ~2.36k ETH ($4.25M) and ~15.58 WBTC ($1M) were held by the attacker’s wallet. This incident adds to a wave of crypto hacks in July 2026, highlighting ongoing security risks for Hedera and the broader ecosystem.
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