Verus-Ethereum Bridge Hack Drains tBTC, Ether and USD Coin

According to PeckShield, the Verus-Ethereum cross-chain bridge exploit stole tBTC, Ether and USD Coin that were consolidated into about 5,402.4 Ether, now reportedly held at an address beginning with 0x65Cb.

ETH

TBTC

4h ago

Fact Check

The claim is strongly corroborated by multiple independent sources. Blockaid's own official X post (@blockaid_/status/2056176541785034803) directly confirms the ~$11.58M figure from the Verus-Ethereum Bridge exploit. The PeckShield-attributed breakdown (103.6 tBTC, 1,625 ETH, 147,000 USDC consolidated into ~5,402.4 ETH) is reported by Odaily (newsflash/482082) and is internally consistent with the total dollar value. CryptoBriefing independently corroborates the ~$11.4M figure from Etherscan data. The minor discrepancy between $11.4M and $11.58M is consistent with different reporting timestamps during an ongoing exploit and does not undermine the claim. All key elements - the bridge involved, the asset types (tBTC, ETH, USDC), the consolidation amount (~5,402.4 ETH), and the attributing security firms (Blockaid and PeckShield) - are confirmed across sources.

Summary

Verus’ Ethereum cross-chain bridge was exploited, with reported losses ranging from about $11.4 million in abnormal outflows to about $11.58 million, according to Blockaid and related reporting. PeckShield said the stolen assets included 103.6 tBTC, 1,625 Ether and 147,000 USD Coin, and that the attacker swapped them into about 5,402.4 Ether after the hack. New reporting adds that the consolidated funds are now held at an address beginning with 0x65Cb. PeckShield also reported that the attacker address received 1 Ether via Tornado Cash roughly 14 hours before the exploit, suggesting prior wallet preparation. The available source material still does not provide the attack method, exact timing, attacker identity, or recovery details.

Terms & Concepts

Cross-chain bridge: Infrastructure that lets users move tokens or data between separate blockchains, typically by locking assets on one network and issuing a corresponding asset on another.
tBTC: tBTC is a tokenized form of Bitcoin on another blockchain, designed to let users access Bitcoin-linked value in decentralized applications.
Tornado Cash: Tornado Cash is a crypto mixing service that obscures transaction trails by pooling and redistributing funds across addresses.