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Ongoing exploit drains $11.6 million from Verus-Ethereum bridge: Blockaid

The Block
An ongoing exploit targeting the Verus-Ethereum bridge has resulted in the theft of approximately $11.6 million in digital assets.

Summary

The Verus-Ethereum bridge is currently under attack, with security firms Blockaid and Peckshield reporting that approximately $11.6 million has been drained. The attacker utilized a series of transactions to consolidate various assets, including ETH, tBTC, and USDC, into 5,402 ETH. Security firm GoPlus suggested the exploit likely stemmed from a signature forgery or a logic bypass within the bridge's contract, while the Verus team has yet to issue a formal statement.

(Source:The Block)