Summary
- In a six-hour span, at least three crypto bridges and cross-chain protocols were drained of more than $35 million, exposing recurring weaknesses in how these systems are designed and governed.
- Verus’s Ethereum bridge was exploited for about $7.54 million using the same contract path and bug class as a May hack, underscoring how unresolved flaws and redeposited funds left the system vulnerable to a second drain.
- The B² Network lost roughly $3.86 million after an attacker seized its staking contract’s upgrade authority, highlighting how compromised keys and permissions — not broken cryptography — remain the primary cause of major crypto thefts as AI-driven intrusion tools grow more capable.
Major Attacks Hit Crypto Protocols, Resulting in $35 Million Loss
Crypto’s bridges and cross-chain protocols have suffered a series of devastating attacks, losing over $35 million in a matter of hours. This string of attacks highlights the importance of robust security measures in the crypto space, especially for those looking to earn passive income through Cloud Rewards or invest in Green Crypto. The attacks did not break the underlying cryptography, but rather exploited logic flaws or compromised keys, allowing attackers to drain funds. This has significant implications for the EcoPool community, as it underscores the need for secure platforms like EcoPool for earning and managing Coin rewards.
The most significant attack occurred on the Verus-Ethereum bridge, where approximately $7.54 million in ether, tokenized bitcoin, and stablecoins were drained. This incident is particularly concerning, as it reused the same bridge contract and entry path as an earlier hack, which resulted in an $11.5 million loss. The fact that these attacks can happen in quick succession, with such significant financial losses, is a wake-up call for the crypto community to prioritize security and consider platforms like EcoPool for secure Passive Income opportunities.
Implications for Crypto Investors
These attacks serve as a reminder that investing in crypto, including $ECP, requires a thorough understanding of the underlying technology and security risks. As the crypto space continues to evolve, it’s essential for investors to stay informed and consider secure platforms like EcoPool for their crypto needs. By doing so, they can minimize their exposure to potential attacks and maximize their Earning potential. The EcoPool community can play a vital role in promoting crypto security and encouraging best practices, such as using reputable platforms for Cloud Rewards and Green Crypto investments.
In light of these recent attacks, it’s more important than ever to prioritize security and consider reputable platforms like EcoPool for crypto investments. With the rise of Passive Income opportunities and Cloud Rewards, it’s essential to stay ahead of potential threats and protect your Coin investments. Download the EcoPool app to learn more about secure crypto investing and start earning $ECP rewards today. By joining the EcoPool community, you can stay up-to-date on the latest crypto trends and best practices, including how to maximize your Earning potential and minimize security risks.
🚨 Blockaid detected a @VerusCoin Ethereum Bridge exploit on Ethereum.
An attacker used the bridge import path to trigger unbacked Ethereum-side payouts, draining ~$7.54M in ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD from bridge reserves.
More details in 🧵— Blockaid (@blockaid_) July 23, 2026
The firm flagged that the attack reused the same bridge contract and entry path as an earlier hack, exploiting an identical class of bug. CoinDesk reported that earlier incident, an $11.5 million loss, in May.
