Verus Ethereum Bridge hacked again for $7.54M after May exploit

The Verus Ethereum Bridge has suffered another exploit, with an attacker draining about $7.54 million in assets from the same contract hit in May. Summary Verus Ethereum Bridge lost about $7.54 million in a new exploit targeting its import path. Blockaid says the attack resembles May’s exploit, though the root cause remains under active investigation. Three crypto exploits reported Thursday caused combined losses of roughly $35.55 million, according to Lookonchain. Blockchain security firm Blockaid detected the attack on Ethereum on July 23 and said the attacker used the bridge’s import path to trigger payouts that were not backed by matching assets on the source side. The incident involved a different transaction and attacker-controlled wallet from the May breach, according to Blockaid. The firm said the new attack used the same bridge contract, entry path and apparent bug class. However, the exact root cause remained under investigation when the alert was published. Verus bridge exploit drains multiple assets Onchain records show the exploit transaction interacted with the Verus Ethereum Bridge contract at 03:45 UTC on July 23. The transaction transferred about 1,137 ETH and seve...