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Verus Ethereum Bridge suffers second $7.5 million exploit

first published 2026-07-23T06:07:33Z
Hack Exploit Bridge Security
The Verus Ethereum Bridge was hit by a new exploit on July 23 that drained about $7.54 million in ETH and tokens from the same contract previously targeted in May. Blockaid said the attack appears to use the bridge’s import path and may be linked to the earlier incident, while the exact root cause remains under investigation. The exploit was part of a broader day of crypto security incidents that reportedly caused about $35.55 million in total losses across three exploits.
AI Analysis
A bridge exploit that drains $7.54 million from the same contract again is clearly negative and immediately relevant to traders. The size of the loss and the fact that the root cause is still under investigation increase near-term risk for the affected asset and related bridge activity.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: High
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