Verus-Ethereum Bridge sees $11.4M in abnormal asset outflows

A coordinated exploit drained approximately $11.5 million from the Verus-Ethereum bridge on May 18, with security firm Blockaid linking the attacker’s wallet to Tornado Cash. Attacker Converts Loot to ETH and Tornado Cash Trail Emerges The Verus-Ethereum bridge was drained of approximately $11.5 million in a coordinated exploit, with analytics confirming that the attacker extracted […]

Ethereum price continued moving lower on Monday as rising macroeconomic uncertainty, weakening institutional demand, and growing exchange inflows pressured the broader crypto market. According to data from crypto.news, Ethereum (ETH) price fell more than 5% over the past 24 hours…

A hacker drained approximately $11.58 million in assets from the Verus-Ethereum Bridge in a single transaction on May 17, 2026 — targeting a cross-chain infrastructure project that had explicitly marketed itself as immune to the kind of smart contract exploit that just gutted it. Related Reading: Iran Launches Bitcoin Payment Platform For Strait Of Hormuz […]

Cross-chain bridges, infrastructure that allows assets to move between separate blockchain networks, have now lost $328.6 million to attackers across eight separate incidents in May 2026. Crypto’s Worst Year for Cross-Chain Hacks Blockchain security and data analytics firm Peckshield released a mid-May tally of eight bridge-related exploits that collectively drained $328.6 million from cross-chain protocols […]

Despite the scale of the breach, Verus' native token showed little immediate reaction following news of the exploit.

Two security companies have flagged the address where the stolen funds are allegedly being held, showing the cryptocurrencies have been converted into 5,402 Ether.

The Verus Protocol Ethereum bridge has suffered an exploit that has allowed an attacker to siphon off more than $11.5 million in crypto assets through what security researchers described as a forged cross-chain transfer message. According to onchain security platform…

Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover. Ethereum started a downside extension below the $2,150 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,220 and started a downside correction, like Bitcoin. ETH price dipped below the $2,200 and $2,150 levels. The price even traded below $2,050. A low was formed at $1,914 on Kraken, and the price is now consolidating losses. There was a recovery wave above the 50% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. Besides, there is a conn