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Hedera Network Reportedly Hit by Exploit With Losses Climbing Past $5 Million

Cryptorank • July 11, 2026

Hedera (HBAR) suffered an exploit that drained $5.25 million after attackers bridged stolen assets to Ethereum via LayerZero and swapped 15.58 WBTC into roughly 2.36K ETH; on-chain trackers and PeckShield flagged the wallet as initially funded through Tornado Cash. The incident adds to a pattern of rising crypto security risks in July 2026—three hacks this month exceeded $28 million—and underscores DeFi and bridging security concerns while Hedera has not yet commented.

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Hedera (HBAR) has reportedly suffered an exploit, which caused losses of more than $5 million. Blockchain researcher Specter first flagged the incident on Saturday.

The attacker moved stolen assets off Hedera and converted them into Ethereum (ETH), according to on-chain trackers monitoring the wallets. The tracked figure has climbed steadily since the theft surfaced.

Specter reported that the attacker bridged funds from Hedera to Ethereum using LayerZero (ZRO) . The stolen holdings were swapped from Wrapped Bitcoin (WBTC) into ETH.

The tracked total rose quickly. It moved from $3.7 million to more than $4 million, then to more than $5 million.

Security firm PeckShield later put the bridged amount at $5.25 million. It said the attacker’s wallet held roughly 2.36K ETH, worth $4.25 million, and 15.58 WBTC, worth $1 million.

PeckShield added that the attacker originally funded the wallet with 1 ETH routed through Tornado Cash, a mixing tool often used to obscure the source of funds. The theft addresses outlined by Specter are:

The incident adds to a run of thefts this month. According to DefiLlama, three hacks targeting crypto platforms occurred in July, resulting in combined losses exceeding $28 million.

Those include a $6 million exploit of the DeFi protocol Summer.fi and a $20 million governance attack on the BONK DAO .

The pace reflects a wider trend. Security incidents climbed roughly 50% in the first half of 2026, even as total losses fell, according to a SlowMist report.

Hedera has not issued a public statement on the current incident as of press time. BeInCrypto has reached out to Hedera for . This is a developing story.

The full story

This article is one source in a clustered incident — the cluster page carries the summary, timeline and every other outlet covering it.

Hedera Network Exploit Results in $5.25 Million Theft via LayerZero Bridge On July 11, 2026, a suspected exploit on the Hedera network led to the theft of approximately $5.25 million in digital assets. The attacker utilized the LayerZero cross-chain bridge to transfer funds from Hedera to Ethereum, where they consolidated the stolen assets into a single wallet. Initial reports indicated that the attacker funded their wallet with 1 ETH from Tornado Cash before executing the exploit. The stolen assets included around 2,360 ETH and 15.58 Wrapped Bitcoin (WBTC). Security firms PeckShield and Specter confirmed the incident, which has raised concerns about the security of cross-chain bridges. Although Hedera has not yet confirmed the breach, the incident has negatively impacted HBAR's price, which fell by approximately 4.7% following the news. The exploit highlights ongoing vulnerabilities in decentralized finance protocols and cross-chain mechanisms. 19 sources 66

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Hedera Network Reportedly Hit by Exploit With Losses Climbing Past $5 Million

The full story

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