Verus Protocol (VRSC)
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anchored·ecmggi…jPwqSummary
Verus Protocol (VRSC) is an open-source, privacy-focused Layer 1 blockchain launched in May 2018 by Michael J. Toutonghi, a former Microsoft Technical Fellow and architect of the .NET framework. Its Ethereum cross-chain bridge suffered two exploits in 2026 — $11.58M on May 18 and $7.54M on July 23 — both caused by the same unpatched source-amount validation flaw in the bridge's import path. The project's decision to reopen the bridge and redeposit reserves on July 8 without a confirmed full patch or independent audit directly enabled the repeat attack, raising significant concerns about security governance.
Connected Entities
4 entities · 60 linked investigations- Verus Protocol (VRSC)→mentioned with→Wormhole(65%)
- Verus Protocol (VRSC)→mentioned with→Ethereum(80%)
- Verus Protocol→mentioned with→Ethereum(80%)
- Verus Protocol→mentioned with→Wormhole(65%)
- Verus Protocol (VRSC)→mentioned with→Verus Protocol(80%)
- Wormhole→mentioned with→Ethereum(70%)
Timeline(5 events)
May 2018
Verus Protocol (VRSC) launches with a fair launch — no ICO, no premine, no developer fees. Founded by Michael J. Toutonghi and co-founders.
IQ.wiki: Verus18 May 2026
Attacker exploits missing source-amount validation in the Verus-Ethereum Bridge's checkCCEValues function, draining 1,625 ETH, 103.57 tBTC, and 147,000 USDC — a total of approximately $11.58 million. Assets consolidated into 5,402 ETH at wallet 0x65Cb8b128Bf6e690761044CCECA422bb239C25F9.
CoinDesk: Verus-Ethereum bridge loses $11 million22 May 2026
After public on-chain negotiation by the Verus team, the May attacker returns 4,052 ETH (approximately $8.5 million) and retains 1,350 ETH (approximately $2.8 million) as a white-hat bounty — representing approximately 75% recovery.
The Block: Verus bridge exploiter returns 4,052 ETH8 July 2026
Bridge reserves are redeposited, effectively reopening the Verus-Ethereum Bridge to user funds. No confirmed full patch or independent audit had been publicly announced prior to this reopening.
Crypto.news: Verus Ethereum Bridge hacked again for $7.54M23 July 2026
A second attacker exploits the same submitImports entry path and bug class, draining approximately $7.54 million in ETH, tBTC, USDC, USDT, EURC, MKR, and scrvUSD from the bridge. Assets consolidated to approximately 3,916 ETH and partially routed through Tornado Cash. Attacker EOA: 0xBda71b58cEc0b1C20A8f87cCD52FA0679747855c.
The Block: New Verus-Ethereum bridge attack drains $7.5 millionDecision Log
- hash: EnPgLPXBDhHZtaW4HXmTVb9qN4gAh1rk6vTjo8fikBuv
- hash: GUDXfKCex9cRQv2MAjLbzrxQi52JuMu75QR9zcLcAxvV
- hash: 77BJ3kn2m14Niowqx7ZnVJjpirCMXPLchUtCjbDQFRoe
This investigation is cryptographically anchored to the Solana blockchain (3 events). 15 of 15 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 8/6/2026, 5:12:32 PM
last updated: 8/26/2026, 12:03:57 AM
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