Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart
CoinDesk 2026-07-23 06:38:18
Context: Multiple cryptocurrency protocols linked to Bitcoin and Ethereum, including Verus and B² Network, were hit by separate attacks within hours of each other, resulting in a total loss of $35 million. The attacks targeted vulnerabilities in cross-chain systems, exploiting compromised keys, upgrade powers, and validation checks. These incidents highlight the security risks associated with interconnected blockchain protocols.
Key Facts
- The attacks targeted Verus, B² Network, and other cross-chain systems, demonstrating how vulnerabilities in these protocols can be exploited to empty funds without compromising the underlying cryptographic security.
- The incidents involved the exploitation of compromised keys, upgrade powers, and validation checks, which allowed attackers to drain funds from the protocols.
- A total of $35 million was lost across the multiple attacks, which occurred within hours of each other, highlighting the rapid and successive nature of these security breaches.