The post Verus Bridge Exploit Drains $11.58M From Ethereum Reserves appeared first on Coinpedia Fintech News
Blockaid warned that attackers exploited a validation gap in the Verus-Ethereum Bridge, draining roughly $11.58 million in ETH, tBTC, and USDC. Investigators said the bridge correctly verified notarized state roots and Merkle proofs but failed to confirm whether source-chain amounts actually backed payouts. The attacker reportedly spent about $10 in VRSC fees to trigger withdrawals worth millions. Researchers stressed the breach was not caused by compromised keys or broken cryptography. Developers are preparing a Solidity patch to close the vulnerability