New Verus-Ethereum bridge attack drains $7.5 million through flaw used in May: Blockaid

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According to Blockaid, a new exploit on the Verus-Ethereum bridge resulted in the theft of approximately $7.5 million in funds. It has been confirmed that this attack occurred through the same vulnerability that was exploited last May, amplifying concerns over security protocols. Successive cross-chain bridge hacking incidents are acting as a major factor in eroding trust across the DeFi ecosystem. Investors must thoroughly verify smart contract security and audit histories when using cross-chain protocols.

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