Verus Protocol Suffers $11.5M Loss in Ethereum Bridge Hack

Verus Protocol's Ethereum bridge has suffered a security breach, with hackers exploiting a flaw in the verification process to steal over $11.5 million worth of assets.

The attack, which was identified by security firms, involved forged cross-chain transfer messages that bypassed controls and drained assets including tBTC, ETH, and USDC.

The incident highlights ongoing vulnerabilities in DeFi cross-chain infrastructure, with the attack bearing similarities to previous major bridge exploits.

Experts are calling for stricter validation and emergency controls to prevent similar breaches in the future, acknowledging that the current state of DeFi security remains a pressing concern.