Hedera Network Hit by Suspected Attack, $3.7M Transferred to Ethereum via LayerZero

HBAR-1.68%
ETH-0.07%
ZRO-5.71%
WBTC-0.35%
According to ChainCatcher, Hedera Network is reportedly suffering an attack, with perpetrators transferring over $3.7 million to Ethereum through a cross-chain bridge. The stolen funds were bridged from Hedera via LayerZero and are currently being swapped from WBTC to ETH, according to analyst Specter's monitoring.
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