Verus–Ethereum Bridge Hit by Second Exploit in Two Months; $7.54M Drained
AI Market Summary
Blockaid reported a second exploit in two months targeting the Verus–Ethereum Bridge, draining about $7.54M across ETH and major tokens via unbacked payouts, with proceeds consolidated into ETH. The reuse of the same contract, entry path, and vulnerability class as the prior ~$11.5M May incident signals persistent bridge risk despite earlier partial restitution. This can pressure near-term risk appetite around bridge-exposed assets and Ethereum DeFi security.
Impact level
● Medium
Affected assets
ETH/USDT+0.23%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Security firm Blockaid has flagged a fresh exploit targeting the Verus–Ethereum Bridge, where an attacker abused the bridge's import path to trigger unbacked payouts on the Ethereum side. The incident drained about $7.54 million worth of ETH, tBTC, USDC, USDT, EURC, MKR and scrvUSD, which were later swapped into ETH.
Blockaid said the latest breach used the same bridge contract, entry path and vulnerability class as the roughly $11.5 million exploit in May, but appears to have been carried out by a different attacker using a new wallet.
In the prior incident on May 18, the stolen funds were converted into around 5,402.4 ETH. The attacker later returned 4,052.4 ETH after keeping a 25% whitehat bounty, and the recovered assets were redeposited into the bridge on July 8.
