"The Verus-Ethereum bridge was drained of approximately $11.5 million in a coordinated exploit, with analytics confirming that the attacker extracted 103.6 tBTC, 1,625 ETH, and 147,000 USDC from the bridge before converting all stolen assets into approximately 5,402 ETH (worth roughly $11.4 million) held at wallet address 0x65Cb25F9."
"The exploiter has already swapped the stolen funds for 5,402 ETH ($11.5M), per Arkham Security firm Blockaid issued a community alert identifying the attack as it unfolded, subsequently confirming that the attacker's wallet was initially seeded with 1 ETH via Tornado Cash, a decentralized cryptocurrency mixer that allows users to obscure the origin of funds."
"In the Verus case, the single- ETH seed is consistent with a known pattern where attackers prepare a clean wallet using the mixer before moving, ensuring no direct link between their funding source and the attack address. Tornado Cash has appeared in several post-exploit laundering trails of several major crypto thefts in recent years."
"The speed of asset conversion in the Verus attack is notable as all three asset types (namely wrapped bitcoin, ether, and stablecoins) were swapped into a single asset ( ETH) in a short window, making traceability across chains minimal and simplifyi"
A coordinated exploit drained approximately $11.5 million from the Verus-Ethereum bridge. The attacker extracted 103.6 tBTC, 1,625 ETH, and 147,000 USDC, then converted the stolen assets into about 5,402 ETH worth roughly $11.4–$11.5 million. The converted ETH was held at wallet address 0x65Cb25F9. Real-time alerts flagged the exploit as it unfolded, and security firms confirmed the attacker’s wallet was seeded with 1 ETH via Tornado Cash. Tornado Cash laundering patterns were linked to multiple major thefts. The attack also fit a broader surge in bridge hacks, with multiple incidents totaling hundreds of millions in losses during early May. The rapid conversion across asset types reduced cross-chain traceability.
Read at news.bitcoin.com
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