Verus-Ethereum Bridge hit by second hack as $7.54M vanishes

The Verus-Ethereum Bridge has been hacked… once more. The newest assault reportedly exploited the identical weak spot used earlier than, which raises the query: is the bridge really protected?

Verus-Ethereum bridge drained of $7.54M 

Blockchain safety agency Blockaid detected a brand new assault on the Verus-Ethereum Bridge on the twenty third of July. Based on the agency, the attacker exploited the bridge’s import course of to launch funds with out depositing matching belongings on the supply chain.

On-chain knowledge exhibits that the exploit occurred at 03:45 UTC. Round 1,137 Ethereum [ETH], together with tBTC, USD Coin [USDC], Tether [USDT], EURC, Maker [MKR], and Financial savings crvUSD [scrvUSD], have been transferred to an attacker-controlled pockets. Etherscan valued the primary outflows at roughly $7.54 million on the time.

Blockaid famous that though the attacker used a distinct pockets and transaction, they nonetheless focused the identical bridge contract, entry path, and sure bug class as within the Could breach. 

Assault just like Could’s $11.58 million exploit