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

HBAR

Rp1,245

-Rp32 -2.53%

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

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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