Hedera: $3.7M in Suspected Exploit Losses Surface as HBAR Sits on Daily Pivot
Unverified reports peg cumulative Hedera-related losses above $3.7M as HBAR trades near $0.070, pinned to its pivot with neutral funding.
HBAR is trading at $0.07054, essentially glued to its daily pivot point of $0.07044, as unverified reports of recurring exploits against Hedera Network circulate without on-chain confirmation. The token is up a marginal 0.28% on the day but down 0.67% over the trailing 24 hours, leaving directional bias thin.
What’s Being Alleged
A report attributed to Coinotag claims Hedera Network has been subject to what it describes as “continuous” cyberattacks, with cumulative suspected losses now exceeding $3.7 million. The source provides no wallet addresses, no attack vector breakdown, and no timeline — the figure is presented as an aggregate, unconfirmed estimate.
Neither Hedera nor independent forensic analysts have corroborated the claim on-chain. Framing it as “suspected” rather than confirmed matters for traders: without addressed transactions or a disclosed methodology, the $3.7M figure currently sits outside verifiable on-chain data and should be treated as a headline risk rather than a confirmed loss event.
Price Structure: Pinned to Pivot
HBAR’s 24-hour range ran from $0.06969 to $0.07147, a spread of $0.00178 (2.55%). The 14-period RSI reads 40.0 — not oversold, but consistent with fading buy-side pressure and a broader bearish technical structure.
Resistance stacks at $0.0724, $0.0767 and $0.0843; support layers sit at $0.0694, $0.0572 and $0.0514. With spot essentially matching the $0.07044 pivot, the market is at an inflection point where the next directional move will likely be decisive rather than gradual.
Positioning Data
Derivatives markets show a funding rate of +0.0012% on HBAR perpetuals, meaning longs are paying shorts — a modest bullish skew despite the softer spot backdrop. Reported 24-hour spot volume on HBAR/USDT stood at $38,327,813.49.
A confirmed break below $0.0694 would open room toward the $0.0572 support zone, while reclaiming $0.0724 would be needed to challenge the current downtrend structure implied by the RSI reading. Until Hedera or independent forensics substantiate the exploit claim, funding rates, volume and the support/resistance grid remain the only concrete signals available to traders positioning around HBAR.