Verus Coin Ethereum Bridge Exploit Drains $7.5 Million in Second Hack of Year
The Verus Coin Ethereum bridge was exploited, with an attacker using the bridge’s import path to trigger unbacked Ethereum-side payouts. The attack drained approximately $7.54M in ETH and stablecoins from the bridge’s reserves.
The incident follows a similar exploit in May that resulted in the theft of 5,402.4 ETH, with 4,052.4 ETH returned following a bounty payout. The funds were transferred back into the bridge on July 8, and the platform was targeted again on July 22.
From the sources (4 posts)
@blockaid_🚨 Blockaid detected a @VerusCoin Ethereum Bridge exploit on Ethereum. An attacker used the bridge import path to trigger unbacked Ethereum-side payouts, draining ~$7.54M in ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD from bridge reserves.
@officer_secretAnother one. There is an ongoing @VerusCoin Ethereum Bridge exploit on Ethereum. An attacker used the bridge import path to trigger unbacked Ethereum-side payouts, draining ~$7.54M in ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD from brid
@certikalert#CertiKInsight 🚨 We have seen an exploit on @VerusCoin Ethereum bridge, from which ~$7.53M was withdrawn to 0xCFd0A20703cD11E0b9f665e1C3F1Ef989C142D54. The bridge may have failed to check that Verus side inputs back the amounts paid, as
@tayvano_May 17: Verus Bridge hacked for 5402.4 ETH. May 21: The attacker returned 4052.4 ETH. (25% bounty, retards) July 8: Verus Bridge put the money back in the Verus Bridge.