Coin Circle News reports that the hacker attacked Hedera’s Sauce protocol by manipulating price oracles, stealing more than $5 million. The attack caused the HBAR price to drop by nearly 3%. After quickly swapping multiple assets once the stolen funds were bridged to Ethereum via the LayerZero bridge, according to PeckShield data, the attacker borrowed nearly $6.6 million worth of USDC and 35 million HBAR, and used SauceSwap to perform token swaps. The attacker’s Ethereum wallet currently holds about 2,068 ETH worth nearly $3.7 million, along with 15.58 WBTC, bringing the total stolen assets to more than $5 million. The incident has raised security concerns about decentralized finance (DeFi) applications, and the Hedera network team has not yet released an official statement.