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Hedera exploit tops $5 million as stolen funds move to Ethereum
Jul 11, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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An attacker drained more than $5 million from the Hedera network in an exploit on July 11, with stolen funds already routed onto Ethereum and onchain investigator Specter initially flagging the breach with an early tally above $3.7 million. The incident underscores cross‑chain security risks for crypto and DeFi, threatens Hedera adoption and tokenholder confidence, and could weigh on market sentiment and integrations.
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An attacker has drained more than $5 million from the Hedera network in an exploit that occurred on July 11, with the stolen funds already routed onto Ethereum. Onchain investigator Specter initially flagged on X what he stated to be an active hack of Hedera. Specter put the early tally above $3.7 million and, within...
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In This News
Coins
$ 1.92K
+1.16%$ 0.0698
+4.88%Predictions Markets
See what traders are focused on
Share: