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Woofun AI reports that a wallet associated with the recent Hedera network exploit has surpassed the $7 million valuation mark in Ether (ETH), driven by a sustained influx of fresh deposits.
Transaction velocity indicates the attacker remains highly active. On-chain records reveal that 920 ETH was transferred into the address within a 60-minute window earlier today. This rapid accumulation was followed by an additional 77 ETH deposited approximately 50 minutes ago, suggesting ongoing operational control rather than a one-time extraction.
Woofun AI data shows the total balance has climbed above the $7 million threshold at current market prices. The steady inflow pattern implies the attacker is either consolidating assets from multiple addresses or receiving further payments, though the specific intent behind these movements remains opaque.
The incident targeted smart contract functionality on the mainnet, temporarily disrupting the decentralized infrastructure. While normal operations have resumed, blockchain security analysts and law enforcement agencies are closely monitoring the address, noting that the continued movement of funds highlights persistent vulnerabilities in the system.
Recovery efforts face significant hurdles due to the pseudonymous nature of cryptocurrency transactions. Blockchain forensic firms are likely tracking the address, but the accumulation of such a large sum increases the risk of market disruption if the attacker decides to liquidate. This underscores the critical need for robust security measures in decentralized networks.