Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart
CoinDesk·
60-second summary
Multiple cross-chain systems, including Verus and B² Network, are losing millions of dollars in a series of attacks, with over $35 million already compromised. The attacks exploit vulnerabilities in compromised keys, upgrade powers, and validation checks, highlighting the risks of relying on external factors rather than cryptography itself, putting the entire ecosystem at risk.
The attacks hit Verus, B² Network and other cross-chain systems, showing how compromised keys, upgrade powers and validation checks can empty protocols without breaking the underlying cryptography.