ChainCatcher reported that analyst Specter has flagged a suspected attack on the Hedera network. According to the monitoring update, the attacker has already moved more than $3.7 million to Ethereum through a cross-chain bridge. The stolen funds were bridged out of Hedera via LayerZero and are now being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH).
The report does not provide further details on the identity of the attacker, the affected protocol, or the exact scope of the incident. It only states that the activity was detected by Specter and that the asset flow from Hedera to Ethereum is ongoing through the route described. The latest traced movement shows the funds leaving Hedera, arriving on Ethereum, and being converted from WBTC into ETH.
According to ChainCatcher, analyst Specter said the Hedera network may be under attack, with the attacker having moved more than $3.7 million to Ethereum through a cross-chain bridge.
The stolen funds were bridged from Hedera via LayerZero and are now being swapped from Wrapped Bitcoin (WBTC) into Ether (ETH), based on the monitoring update.
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