Hackers have reportedly drained $11.58 million from the Verus-Ethereum bridge.
According to alerts from various blockchain security platforms, the exploit hit one of Verus’ cross-chain bridge contracts and emptied reserves containing ETH, tBTC, and USDC.
How the Attack Worked
Two of the firms, CertiK and PeckShield, flagged suspicious activity from the bridge contract at 0x71518580…cd7f63 within hours of the exploit.
Per their posts on X, the stolen assets totaled 1,625 ETH, 103.56 tBTC, and 147,000 USDC, with the attacker quickly swapping everything into approximately 5,402 ETH and parking the funds in a separate wallet.
Another on-chain security firm, Blockaid, published a technical breakdown shortly after, and it is the clearest account of what went wrong.
According to them, the bridge correctly checked three things: a notarized Verus state root signed by eight of fifteen notaries, a Merkle proof of the cross-chain export, and a hash binding confirming the integrity of the trans
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