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Verus Protocol Bridge Hacked: $11.6M Stolen
Description
Exploit Targets Verus Protocols Ethereum Bridge: $11.6M Stolen in Crypto
A significant exploit has been reported on the Verus Protocols Ethereum bridge, resulting in the theft of at least $11.6M in crypto. The attacker managed to trick the system into accepting a fake cross-chain transfer message, bypassing normal verification processes. The stolen funds, converted into over 5,400 Ether, were sent directly to the hackers wallet due to a missing validation check in the code. This incident echoes previous bridge exploits like Nomad and Wormhole, highlighting ongoing security challenges in decentralized finance. While Verus Protocol hasnt confirmed the exploit, security firms are tracking the stolen assets and investigating the exact flaw to prevent future incidents.
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