Trending Now - $11.6 Million Stolen in Verus-ethereum Bridge Hack

WHO:

Bitcoinist - A hacker is involved in the incident.

Cointelegraph - Two security companies have flagged the address related to the stolen funds.

WHAT:

Bitcoinist - Approximately $11.58 million in assets were drained from the Verus-Ethereum Bridge in a single transaction.

Cointelegraph - The stolen cryptocurrencies have been converted into 5,402 Ether.

WHERE:

Bitcoinist - The incident occurred on the Verus-Ethereum Bridge, a cross-chain infrastructure project.

WHEN:

Bitcoinist - The hack took place on May 17, 2026.

WHY:

Bitcoinist - The Verus-Ethereum Bridge had marketed itself as immune to the kind of smart contract exploit that was used in the hack.

HOW:

Cointelegraph - The hacker exploited the Verus-Ethereum Bridge to drain the funds.

(UPDATED May 18, 2026 12:05 UTC)

A significant security breach has occurred on the Verus-Ethereum Bridge, where a hacker drained approximately $11.58 million in assets in a single transaction, converting the stolen cryptocurrencies into 5,402 Ether. Two security companies have flagged the address linked to these stolen funds, raising alarms in the cryptocurrency community. This incident is particularly concerning as the Verus-Ethereum Bridge had previously marketed itself as immune to such smart contract exploits.