Hedera: $5.25M Exploit Drains Mainnet Funds
Hedera Network lost $5.25M in an exploit with funds bridged to Ethereum; hacker holds 2.36K ETH and 15.58 WBTC while HBAR trades at $0.07.
SourceAnalysis
PeckShieldAlert reported an apparent exploit on the Hedera Network that allowed $5.25M to be bridged from mainnet to Ethereum, with the attacker originally funding the operation via 1 ETH from TornadoCash and now controlling 2.36K ETH ($4.25M) plus 15.58 WBTC ($1M). HBAR price prediction models must now factor in fresh security risk after the breach. On the 4h chart price sits at $0.07 inside the Bollinger Bands, RSI(14) at 44.15 shows neutral momentum while the MACD registers a bullish golden cross, yet the EMA50 at $0.07 serves as immediate support against EMA200 resistance at $0.08, indicating any relief rally will likely stall until a sustained move above the upper band.
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