The Verus Ethereum bridge was exploited for approximately $7.54 million, targeting off-chain infrastructure rather than Ethereum’s base layer. Within roughly six hours, two additional attacks occurred: AFX on Arbitrum lost $24.15 million and Bitcoin scaling network B² lost $3.86 million. The three attacks resulted in nearly $35 million in losses, making it one of the biggest waves of crypto security breaches this week. Ethereum was trading at $1,935 at press time, with bullish forecasts from Standard Chartered projecting ETH could reach $7,500 by year-end. Most losses came from vulnerable off-chain components rather than broken cryptography, keeping pressure on market sentiment.
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