Verus-Ethereum Bridge Smart Contract Vulnerability: $11.58M Reported Loss
Blockaid detected an ongoing exploit on the Verus-Ethereum Bridge.
- Reported loss
- $ 11,580,000
- Attack category
- Smart Contract Vulnerability
Incident Overview
The attacker drained approximately $11.58 million in assets (including ~1,625 ETH, ~103.6 tBTC, and ~147k USDC). The funds were swapped and consolidated into a drainer wallet (e.g., 0x65Cb8b128Bf6e690761044CCECA422bb239C25F9). This is a cross-chain bridge incident affecting the bridge infrastructure, not the core Verus blockchain. The project had recently issued an urgent update, but the exploit still occurred. Funds remain in the attacker's control as of the latest reports. On May 22, PeckShield's monitoring revealed that the exploiter of the Verus cross-chain bridge has returned 4,052.4 ETH (valued at around $8.5 million) to the team's designated address. This recovery accounts for 75% of the total plundered funds, while the remaining 25% (approximately 1,350 ETH) is being retained in the hacker's wallet as a bug bounty.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.