Specter flags suspected Hedera Network exploit with more than $3.7 million bridged to Ethereum

On-chain investigator Specter said Hedera Network appears to have been hit by a suspected hack, with the attacker moving more than $3.7 million out of the network and onto Ethereum. According to Specter’s monitoring, the transfer was carried out through LayerZero, indicating the funds were bridged across chains rather than moved within Hedera alone. The brief alert did not include additional technical details about the attack vector, affected applications, or whether any recovery steps had begun. At the time of the post cited in the source material, the disclosed on-chain activity centered on the movement of assets from Hedera to Ethereum. No further breakdown of the stolen assets or wallet addresses was provided in the input.