Hackers Drain $11.6 Million From Verus Ethereum Bridge

A cyberattack on the Verus Ethereum Bridge has resulted in the theft of approximately $11.58 million in digital assets, blockchain security firm PeckShield reported. The incident has yet to receive official confirmation from the project's developers.

According to PeckShield, the attacker drained 103.6 tBTC, 1,625 ETH, and 147,000 USDC from the bridge ^[1]. The stolen funds were subsequently swapped for around 5,402 ETH, valued at roughly $11.4 million.

Blockchain bridges serve as connections between separate networks, allowing users to transfer assets across different blockchains. Their tendency to pool large sums of capital makes them recurring targets for hackers, who frequently probe smart contract code and system interfaces for exploitable weaknesses ^[1].

The attack adds to a growing list of security incidents across the crypto industry in recent months. Bridges in particular remain among the most vulnerable infrastructure in the sector, as the technical interfaces required to link multiple networks create complex attack surfaces that sophisticated actors have repeatedly managed to exploit ^[1].