Briefium Intelligence Dispatch
Suspected Hedera exploit sends over $5.8M to Ethereum as HBAR slips
July 11, 2026 at 9:37 AM UTC•4d ago
Hedera faced a suspected exploit moving over $5.8 million from the Hedera network to Ethereum via LayerZero, with hackers bridging assets (including 3,203 ETH and 15.58 WBTC) and swapping WBTC for ETH. HBAR declined over 2%, trading near $0.069 as researchers Specter and PeckShield tracked ongoing transfers, cross-chain activity, and wallet addresses. Investigation ongoing; no official attacker identified yet, and Hedera community awaits formal updates and containment measures.
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