Blockaid detected an ongoing exploit on the Verus-Ethereum Bridge with $11.58M drained.
Security & Exploits ·
Blockaid's exploit detection system identified an ongoing attack on the Verus-Ethereum Bridge, with approximately $11.58 million drained as of the alert. The security firm issued a community warning to flag the active exploitation.
The bridge connects the Verus and Ethereum blockchains, allowing asset transfers between the two networks. The detection indicates funds are being siphoned through a vulnerability in the bridge's mechanics or smart contract logic.
Details about the specific attack vector, the identity of those behind it, and whether the drainage has continued or halted since the alert remain unclear. No information has been provided on remediation efforts or whether user funds can be recovered.