The Verus Ethereum bridge was reportedly exploited for $11.58 million after attackers used forged cross-chain transfer data to drain Ether, USDC and tBTC.

Security firms have flagged a live exploit targeting the Verus-Ethereum bridge, with losses already reaching approximately $11.6 million.

Peckshield flagged that the Verus-Ethereum bridge has been drained for 103.6 tBTC, 1,625 ETH, and 147,000 USDC.