The Hedera network is reportedly under attack, with an attacker transferring over $3.7 million in assets to Ethereum, according to analyst Specter. The funds were moved via a cross-chain bridge using LayerZero technology. The stolen assets are currently being converted from Wrapped Bitcoin (WBTC) to Ethereum (ETH). This incident highlights ongoing security challenges in cross-chain transactions.
Hedera Network Allegedly Attacked, $3.7 Million Transferred to Ethereum
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