May 18
Verus Ethereum Bridge Targeted in $11.6M DeFi Exploit
Verus Protocol’s Ethereum bridge was compromised this week through a forged cross-chain transfer instruction, enabling a hacker to drain at least $11.58
➤ Verus Protocol's Ethereum bridge was exploited for over $11.5 million due to a forged cross-chain transfer instruction, bypassing validation logic. ➤ Security firms identified the root cause as a lack of source-amount validation in the bridge's Solidity code, a vulnerability similar to past exploits like Nomad and Wormhole. ➤ The incident highlights the ongoing security risks associated with cross-chain bridges in DeFi and emphasizes the need for robust validation and incident response.
