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Suspected Hedera hack moves $5.8M to Ethereum, causing HBAR to drop over 2%.

Market News
11 Jul 2026
Crypto news
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Bearish
Suspected Hedera hack moves $5.8M to Ethereum, causing HBAR to drop over 2%.

A suspected exploit on the Hedera network has resulted in the transfer of over $5.8 million in assets to Ethereum, according to blockchain security researchers Specter and PeckShield. The attacker used LayerZero to bridge funds and swapped Wrapped Bitcoin (WBTC) for Ether (ETH). The incident caused HBAR's price to fall more than 2%, trading near $0.069. The investigation is ongoing, with no official loss estimate or culprit identified yet, while security firms continue monitoring the situation and awaiting Hedera's response.

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