Hedera Network Suffers $5 Million Exploit, Funds Converted to Ethereum
Hedera Network Suffers $5 Million Exploit, Funds Converted to Ethereum
The Hedera (HBAR) network has reportedly been hit by a significant exploit, leading to losses exceeding $5 million. Blockchain researchers flagged the incident, noting that the stolen assets were subsequently moved off Hedera and converted into Ethereum (ETH). On-chain trackers are monitoring the wallets, and the total tracked figure has been steadily increasing since the theft was discovered.
Hedera (HBAR) has reportedly suffered an exploit, which caused losses of more than $5 million. Blockchain researcher Specter first flagged the incident on Saturday. The attacker moved stolen assets off Hedera and converted them into Ethereum (ETH), according to on-chain trackers monitoring the wallets. The tracked figure has climbed steadily since the theft surfaced. How
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