Verus-Ethereum bridge exploited for over $11M in assets

The Verus-Ethereum bridge was exploited for up to $11.58M in digital assets. The technical cause is still unknown, highlighting ongoing vulnerabilities in cross-chain DeFi infrastructure.

The Verus-Ethereum cross-chain bridge has experienced a major security breach, resulting in the loss of between $11.4 million and $11.58 million in digital assets, including tBTC, ETH, and USDC. Multiple blockchain security firms detected the exploit, with on-chain data revealing abnormal outflows from the bridge contract to specific addresses. After the attack, the stolen assets were consolidated and swapped for ETH, which is currently held in a single wallet. The technical root cause of the exploit remains unconfirmed, and no official postmortem has been released by the project team. This incident adds to the growing list of cross-chain bridge hacks, highlighting persistent vulnerabilities in DeFi infrastructure. It underscores the ongoing security challenges faced by cross-chain protocols and the urgent need for improved safeguards.