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🩸BEARISH

Three Major Crypto Hacks in Four Days: THORChain, Verus Bridge, and Echo Protocol Drained for $88M+

A brutal four-day stretch has seen three separate DeFi protocols exploited for a combined total exceeding $88 million…

A brutal four-day stretch has seen three separate DeFi protocols exploited for a combined total exceeding $88 million. On May 15, THORChain was hit for over $10 million in stolen funds. Three days later, the Verus-Ethereum Bridge was compromised, with attackers walking away with approximately $11.5 million.

The streak continued today when Echo Protocol fell victim to a minting exploit — the attacker fabricated 1,000 eBTC tokens valued at $76.64 million and immediately deployed them to drain 385 ETH, worth roughly $821,000 in liquid assets converted on-chain.

The rapid succession of high-value exploits across different chains and bridge architectures underscores a persistent vulnerability in cross-chain infrastructure. Investors with exposure to DeFi protocols — particularly those involving wrapped assets or bridge liquidity — should review positions and monitor official channels for…

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Aggregated from Lookonchain · Verified · Last refreshed 1h ago
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