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

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

The attacker moved stolen property off Hedera and transformed them into Ethereum (ETH), in keeping with on-chain trackers monitoring the wallets. The tracked determine has climbed steadily for the reason that theft surfaced.

How the Hedera Exploit Unfolded

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

The tracked whole rose shortly. It moved from $3.7 million to greater than $4 million, then to greater than $5 million.

Security agency PeckShield later put the bridged quantity at about $5.25 million. It stated the attacker’s pockets held roughly 2.36K ETH, value $4.25 million, and 15.58 WBTC, value about $1 million.

PeckShield added that the attacker initially funded the pockets with 1 ETH routed by way of Tornado Cash, a mixing instrument usually used to obscure the supply of funds. The theft addresses outlined by Specter are:

• 0x9A4966152F6e10b33Cb7a37975e8619816d6a494
• 0xaf20D792A19fD42dCf697ceBa6100291D96dD93e

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A Rising Tally of 2026 Crypto Hacks

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

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

The tempo displays a wider pattern. Security incidents climbed roughly 50% in the first half of 2026, at the same time as whole losses fell, in keeping with a SlowMist report.

Hedera has not issued a public assertion on the present incident as of press time. BeInCrypto has reached out to Hedera for remark. This is a creating story.

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