Verus-Ethereum Bridge Exploited for $11.5M — Attacker Converts Entire Haul to ETH!

The Verus-Ethereum bridge has been exploited in what appears to be a significant cross-chain attack, with approximately $11.5 million drained from the protocol. The attacker moved swiftly to obscure the trail, swapping the entire stolen sum into 5,402 ETH before on-chain analysts flagged the movement.

The speed of the conversion is notable — bridging exploits that rapidly flip stolen assets into a major liquid token like ETH are a well-worn playbook designed to complicate recovery efforts and front-run any potential freeze by centralised counterparties.

VerusCoin's bridge connects its native VRSC ecosystem to Ethereum, and the incident raises immediate questions about the integrity of the bridge's smart contract logic. No official post-mortem or exploit root-cause has been published at the time of writing.