NameSilo

The DeFi protocol Verus has suffered a major hack—an attacker drained assets worth approximately $11.5 million via the project's Ethereum bridge.

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Impact
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According to analysts, the following assets were stolen from the bridge:
🔸 103.6 tBTC
🔸 1,625 ETH
🔸 147,000 USDC

Following the attack, all assets were quickly swapped for 5,402 ETH. Interestingly, 14 hours prior to the exploit, the hacker's address received 1 ETH via Tornado Cash—likely to prepare the operation and cover their tracks.

Experts speculate that the attack may have been caused by a flaw in the cross-chain bridge's transaction verification mechanism. Possible scenarios include:
⚠️ Signature forgery
⚠️ Bypassing withdrawal logic
⚠️ Vulnerabilities in cross-chain message validation
⚠️ Weak access controls

Cross-chain bridges remain a prime target for hackers due to their high concentration of liquidity. In recent years alone, the industry has lost hundreds of millions of dollars through such vulnerabilities.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
AfternicAfternic
Bridge exploits are still one of the hardest risks for users to evaluate
 
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Hi

decentral gets centralized

just shows that there are folks behind the scenes, who still pull levers and strings

imo…
 
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Hello!

That’s one of the biggest paradoxes in crypto.

The infrastructure may be decentralized on paper, but in practice many bridges still rely on centralized validators, multisigs, upgrade keys, or weak trust assumptions.

And attackers know exactly where those hidden control points are.
Hi

decentral gets centralized

just shows that there are folks behind the scenes, who still pull levers and strings

imo…
 
0
•••
Hello!

That’s one of the biggest paradoxes in crypto.

The infrastructure may be decentralized on paper, but in practice many bridges still rely on centralized validators, multisigs, upgrade keys, or weak trust assumptions.

And attackers know exactly where those hidden control points are.
Hi

in decentralized world, that paradox shouldn’t exist
that’s the whole friggin premise

but what’s odd is
they always say no user funds were lost -

so there has to be $ somewhere that belongs to no one.

I think the real bridge is the connection between the validators and the fund takers.

they seem to know where, when and how the next occurrence will occur

imo…
 
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