Verus Bridge Hit by Second Major Hack Worth $7.5 Million

The Verus Ethereum bridge is facing another crisis today after hackers stole $7.5 million in digital assets. An attacker used a small transaction of 0.01 VRSC to trick the system into releasing large amounts of unbacked tokens. The stolen funds, which include 1,137 ETH and 71.5 tBTC, were sent directly to a single wallet address.

This incident is particularly worrying because it follows a nearly identical pattern from May. During that previous attack, the bridge lost $11.6 million due to a verification flaw. Security experts confirmed that the bridge failed to fix the core vulnerability, allowing the same type of exploit to occur again.

For those watching the market, this highlights the ongoing risks associated with cross chain bridges. These platforms often serve as weak points for hackers. Traders should monitor future updates from the Verus team to see if they can permanently secure the bridge or if further losses are expected.