Crypto News
The Verus-Ethereum cross-chain bridge was exploited for approximately $11.4 million on May 18, according to on-chain security firm PeckShieldAlert. The attacker drained 103.6 tBTC, 1,625 ETH, and 147,000 USDC directly from the bridge contract before rapidly consolidating the haul.
Within minutes of the drain, the exploiter swapped the stolen assets into 5,402 ETH — a classic post-exploit move designed to collapse a multi-asset position into a single liquid token that is harder to freeze. The consolidated funds are currently sitting in one wallet, making the on-chain trail visible but the recovery path narrow.
Cross-chain bridges remain one of DeFi's most persistently targeted attack surfaces. The Verus exploit adds to a long list of bridge-specific losses that have collectively cost the sector hundreds of millions of dollars, reinforcing the structural risk that arises whenever assets…
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