Verus Protocol's Ethereum bridge hacked, losing over $11.5M via forged cross-chain transfer.
Verus Protocol's Ethereum bridge was exploited, resulting in over $11.5 million stolen through a forged cross-chain transfer message. Security firms identified the flaw as missing validation checks in the bridge's verification process, allowing attackers to bypass controls and drain assets including tBTC, ETH, and USDC. The attack resembles previous major bridge exploits and highlights ongoing vulnerabilities in DeFi cross-chain infrastructure. Experts recommend stricter validation and emergency controls to prevent similar breaches in the future.
➤ Verus Protocol's Ethereum bridge was exploited, leading to a loss of over $11.5 million. ➤ The attack exploited missing validation checks in the bridge's verification process, allowing for forged cross-chain transfers. ➤ This incident highlights ongoing vulnerabilities in DeFi cross-chain infrastructure and the need for enhanced security measures.