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Hedera Network Reportedly Hit by $5.25 Million Exploit
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Blockchain security firm PeckShield said Specter has reported a suspected exploit on the Hedera network, with about $5.25 million in stolen funds bridged from Hedera to Ethereum. According to the report, the attacker initially funded the wallet with 1 ETH from Tornado Cash and currently holds about 2,360 ETH and 15.58 WBTC. The incident could raise security concerns around the network. Investigations are expected to continue as teams track the movement of the stolen funds.
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