Huo Xing Finance reports that on July 23, according to CertiK Alert monitoring, a security vulnerability exploit occurred on the VerusCoin Ethereum bridge, with the attacker transferring approximately $7.53 million in assets. CertiK stated that the vulnerability may be related to the bridge contract failing to properly verify whether the input amount on the Verus chain matched the actual amount paid, a similar issue that occurred in a May incident.
VerusCoin Ethereum Bridge Hacked, $7.53M Stolen
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Summary
Ethereum news broke on July 23 as the VerusCoin Ethereum bridge suffered a security breach, with attackers stealing approximately $7.53 million. CertiK Alert stated that the vulnerability likely stemmed from the bridge contract failing to verify input amounts on the Verus chain. A similar issue was identified in May. Ethereum’s price remains under pressure today as the incident has raised concerns about cross-chain security.
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