Hedera Network Reportedly Hit by $5.25 Million Exploit

Published by

Nidhi Kolhapur

July 11, 2026

Crypto Platform Bitrefill Hacked: 18,500 User Records Exposed in Cyberattack

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.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.