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$5.25M stolen from Hedera network and moved to Ethereum in suspected exploit

Market News
11 Jul 2026
Bitcoin
View Source
Bearish
$5.25M stolen from Hedera network and moved to Ethereum in suspected exploit

Security firm Peckshield reported a suspected exploit on the Hedera network where $5.25 million was stolen and bridged to Ethereum. The attacker’s wallet, initially funded through the crypto mixer Tornado Cash, now holds about 2,360 ETH and 15.58 wrapped bitcoin (WBTC). Hedera has not yet confirmed the breach, and the full impact remains unclear. This incident follows a pattern of cross-chain bridge exploits, with the crypto community closely watching how Hedera responds next.

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