Hedera

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<h2 id="span-span-hedera-network-exploited-5-25-million-real-or-not-span-span">Hedera Network Exploited: $5.25 Million Real or Not?&nbsp;</h2>
A fresh security alert claims Hedera Network has been hit by an exploit worth millions — but here's the twist: it hasn't said a word about it yet. Let's dig into what's actually being claimed.&nbsp;
<h3 id="span-span-first-of-all-what-is-hedera-span-span">First of all, What is Hedera?</h3>
<a href="https://hedera.com/" rel="noopener noreferrer nofollow">Hedera is a public network</a> where developers build apps using "hashgraph" technology instead of a regular blockchain. It's known for fast, cheap transactions. Big companies like Google and IBM sit on its council. Its token is HBAR.
<h3 id="span-span-what-happened-span-span">What happened?</h3>
Security firm<a href="https://x.com/PeckShieldAlert" rel="noopener noreferrer nofollow">&nbsp;X Account&nbsp;PeckShield</a> flagged an alert, crediting analyst Specter, claiming the network was exploited:
<ul>
 <li>About $5.25 million was bridged off the network to Ethereum.</li>
 <li>The attacker's wallet was first funded with 1 ETH from Tornado Cash, a tool often used to hide fund sources.</li>
 <li>The wallet now holds around 2,360 ETH (~$4.25M) and 15.58 WBTC (~$1M)</li>
</ul>
<img alt="Peck Shield Post" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/YuhVDULe9rGoH1eE6Ma1T8t82F19wBct39je77LD.jpg" width="300" title="Peck Shield Post">
Source :- <a href="https://x.com/PeckShieldAlert/status/2075867053408629179" rel="noopener noreferrer nofollow">X Post</a>
How did it happen?
The alert doesn't explain the technique yet. We don't know if this is a smart contract bug, a bridge flaw, or something else. We'll update once more details come out.
What has Hedera done?
Nothing official yet. No post on its blog or <a href="https://x.com/hedera" rel="noopener noreferrer nofollow">X account</a>&nbsp;confirming the hack, pausing the network, or reassuring users.&nbsp;This silence could mean they're still checking, or the claim needs more proof.
Market reaction
<div>
 <table>
 <colgroup>
 <col width="122">
 <col width="136">
 <col width="318">
 </colgroup>
 <tbody>
 <tr>
 <td>Metric</td>
 <td>Value</td>
 <td>24h Change</td>
 </tr>
 <tr>
 <td>HBAR Price</td>
 <td>$0.06908</td>
 <td>-2.42%</td>
 </tr>
 <tr>
 <td>Market Cap</td>
 <td>$3.02B</td>
 <td>-2.42%</td>
 </tr>
 <tr>
 <td>24h Volume</td>
 <td>$71.34M</td>
 <td>+77.47%</td>
 </tr>
 </tbody>
 </table>
</div>
<img alt="HBAR CoinMarketCap" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/5fEHuy28AnW7WOJ3MnAVoQVe6ERlFULrVk733HqI.jpg" width="300" title="HBAR CoinMarketCap">
Source :- <a href="https://coinmarketcap.com/currencies/hedera/" rel="noopener noreferrer nofollow">&nbsp;HBAR CoinMarketCap</a>
The volume spike and price dip line up with when this claim started spreading. CoinMarketCap is even asking "Why is HBAR's price down today?" on its own page. This doesn't confirm the hack, but it's worth watching closely.
Bottom line
A serious claim is going around, but it's not officially confirmed. Treat this as developing news, not a fact. We'll update as soon as Hedera or other trusted sources say more.
The network isn't a stranger to this either. Back in March 2023, the network confirmed its<a href="https://hedera.com/blog/analysis-remediation-of-the-precompile-attack-on-the-hedera-network/" rel="noopener noreferrer nofollow">first-ever exploit</a>, losing about $600K when attackers hit its smart contract layer. That time, Hedera responded within hours and patched the bug fast. 
Recent hacks and scams to know about
<ul>
 <li>SecondFi (<a href="https://www.coingabbar.com/en/crypto-currency-news/cardano-wallet-secondfi-hack-recovery-16m-ada-plan-moves" rel="noopener noreferrer nofollow">Cardano wallet</a>)&nbsp;: A software bug let hackers rebuild private keys. About 374 wallets lost $2.4M in ADA. Watch out for fake refund links.(June 29, 2026)</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency-news/polymarket-security-breach-breaking-news" rel="noopener noreferrer nofollow">Polymarket : Hackers</a> broke into a third-party vendor, not Polymarket itself, and stole $3M. Full refunds promised.(June 26, 2026)</li>
 <li><a href="https://www.coingabbar.com/en/crypto-currency-news/ethereum-taiko-hack-confirmed-17m-drained-bridge-exploit-2026" rel="noopener noreferrer nofollow">Taiko: Lost $1.7M</a> after a leaked key let hackers fake bridge withdrawals. Fixed and fully refunded within 10 days. (June 22, 2026)</li>
 <li>THORChain, Verus Bridge, Echo Protocol: <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-hack-2026-thorchain-verus-bridge-echo-protocol" rel="noopener noreferrer nofollow">Three hacks</a> in just 4 days (May 2026). THORChain lost $10.8M (May 15, 2026) to a signing bug. Verus Bridge lost $11.5M (May 18, 2026) to a forged transfer. Echo Protocol had $76M in fake tokens minted, though real losses were closer to $821K.&nbsp;</li>
</ul>
Disclaimer&nbsp;: This article covers an unconfirmed report and is for informational purposes only. It should not be considered financial or investment advice. Please verify all details independently before making any decisions.

Hedera Network Exploited: $5.25 Million Claim Still Unconfirmed

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