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Ethereum — news, coverage & facts — IJR

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Ethereum

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Ethereum

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Finance
Verus Ethereum Bridge Drains $7.54M in Second Attack
The Verus Ethereum Bridge has been hit again, draining about $7.5 million in unbacked payouts after attackers exploited the same vulnerability, entry path, and contract as the May breach, suggesting the flaw remains unremediated. Security researchers warn that persistent cross-chain vulnerabilities threaten DeFi security and call for stronger audits, continuous monitoring, and rapid incident response; funds have also been laundered through methods like Tornado Cash in some reports.
12 sources
Finance
AFX Bridge Hack on Arbitrum Drains $24.15M
Multiple cross-chain bridge exploits hit the AFX Protocol and Verus Protocol, draining about $24.15 million from AFX's bridge and $7.5 million from Verus, highlighting ongoing risks in cross-chain infrastructure on Arbitrum. Officials confirm the Arbitrum native bridge was not compromised; the breach originated from a third-party protocol, with attackers moving funds to Ethereum and converting to ETH, as investigators from Blockaid and the Arbitrum team pursue answers.
15 sources

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Overview

Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.

Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software.

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