Another cross-chain bridge has fallen. The Verus-Ethereum bridge was hacked, losing $11.6 million, and the hacker swapped the stolen funds for ETH and mixed the coins.


This is the third similar incident this month.
Trust in cross-chain bridges is being systematically eroded. KelpDAO announced that next month it will stop supporting rsETH cross-chain transfers for 20 chains, citing "enhanced security."
Meanwhile, Chainlink CCIP has become a winner in the $4 billion asset migration.
Funds are fleeing fragile infrastructure.
This is not an isolated security incident but a liquidation moment for DeFi's underlying logic— the "trust shortcut" of cross-chain bridges is failing, and the market is voting with its feet toward more standardized solutions.
But the risks are not limited to security.
The vulnerabilities of cross-chain bridges expose DeFi’s leveraged structure: large amounts of liquidity depend on a few bridging protocols, and if something goes wrong, chain reactions could be more deadly than the hack itself.
$eth #link #defi #链上数据 #ai
ETH0.46%
LINK2.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned