Blockchain security firm Peckshield says an apparent exploit of the Hedera network has seen $5.25 million in stolen funds bridged to Ethereum. The attacker’s wallet, first funded through the crypto mixer Tornado Cash, holds roughly $5.25 million in ether and wrapped bitcoin.
Key Takeaways
Peckshield flagged $5.25M bridged from Hedera to Ethereum on July 11 after a suspected mainnet exploit.The attacker holds 2,360 ETH ($4.25M) and 15.58 WBTC ($1M) in a wallet seeded with 1 ETH from Tornado Cash.Hedera had not confirmed the breach at press time; HBAR traded near $0.070 as sleuths track the funds.Hedera has not publicly confirmed the incident as of now, and the full scope of the theft beyond the bridged funds remains unclear. HBAR, the network’s native token, traded near $0.07 on July 11, down nearly 3% over the last 24 hours.
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