Briefium Intelligence Dispatch
Peckshield: $5.25 Million Drained From Hedera and Bridged to Ethereum in Suspected Exploit
July 11, 2026 at 4:58 PM UTC•4d ago
A Peckshield report alleges a Hedera mainnet exploit resulting in $5.25 million stolen and bridged to Ethereum. The attacker’s wallet holds about 2,360 ETH ($4.25M) and 15.58 WBTC ($1M), funded initially by 1 ETH from Tornado Cash. Hedera has not yet publicly confirmed the breach as of reporting. The incident echoes cross-chain bridge attack patterns, with attention on Hedera’s response time and potential proceeds cycling through mixers.
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