The Verus-Ethereum Bridge has been hacked… again. The latest attack reportedly exploited the same weakness used before, which raises the question: is the bridge truly safe?
Verus-Ethereum bridge drained of $7.54MÂ
Blockchain security firm Blockaid detected a new attack on the Verus-Ethereum Bridge on the 23rd of July. According to the firm, the attacker exploited the bridge’s import process to release funds without depositing matching assets on the source chain.
On-chain data shows that the exploit occurred at 03:45 UTC. Around 1,137 Ethereum [ETH], along with tBTC, USD Coin [USDC], Tether [USDT], EURC, Maker [MKR], and Savings crvUSD [scrvUSD], were transferred to an attacker-controlled wallet. Etherscan valued the main outflows at approximately $7.54 million at the time.
Blockaid noted that although the attacker used a different wallet and transaction, they still targeted the same bridge contract, entry path, and likely bug category as in the May breach.Â
Attack similar to May’s $11.58 million exploit
