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Verus Bridge Exploit Drains $11.58M From Ethereum Reserves

Published by
Nidhi Kolhapur

Blockaid warned that attackers exploited a validation gap in the Verus-Ethereum Bridge, draining roughly $11.58 million in ETH, tBTC, and USDC. Investigators said the bridge correctly verified notarized state roots and Merkle proofs but failed to confirm whether source-chain amounts actually backed payouts. The attacker reportedly spent about $10 in VRSC fees to trigger withdrawals worth millions. Researchers stressed the breach was not caused by compromised keys or broken cryptography. Developers are preparing a Solidity patch to close the vulnerability


Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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