DeFi Hack Shock! Verus Bridge Exploit Drains $11.58M as May Losses Cross $30M: Crypto Hacks Keep Rising with Weak Blockchain Security
The number of DeFi hack cases increased again in May 2026. A new DeFi exploit hit the Verus Ethereum Bridge, triggering a loss of about $11.58 million. This attack added more pressure to a month already facing several crypto hacks.
Blockchain security firms quickly shared alerts about the attack. They noticed unusual activity on the bridge and warned users. Experts tracked the attacker’s wallet and discovered how the funds moved after the hack.
Attackers Swapped Funds Into ETH
Reports show that attackers took 103.6 tBTC, 1,625 ETH, and 147,000 USDC. After that, the attacker swapped all funds into around 5,402 ETH. The total value reached about $11.4 million. The stolen funds still sit in one wallet.
The attacker prepared the plan before the hack. Data shows the wallet received 1 ETH via Tornado Cash about 14 hours earlier. This step helped hide the source of funds. Such methods often appear in large crypto hacks.
The Verus Bridge exploit exposed a simple but serious issue. The system checked technical proofs but did not explore the real value behind transactions. This gap allowed the attacker to trick the system and take a large amount.
Small Code Gap Led To Major Loss
Experts say a small code fix could have stopped this DeFi exploit. A simple check in the smart contract could have blocked fake inputs. This shows that blockchain security still needs strong improvement.
This attack came just days after another incident. THORChain stopped trading after a vault breach. That attack caused a loss of over $10 million. However, reports confirmed that user funds stayed safe in that case.
Data show that at least 12 platforms faced a DeFi hack in May before this case. The losses already crossed $20 million earlier. After the Verus case, the total loss moved above $30 million.
Crypto Hacks Keep Rising In 2026
April 2026 is still the worst month this year. This month saw losses of more than $606 million from multiple attacks. One major bridge hack alone caused a huge share of the monthly loss.
Cross-chain bridges remain a major risk area. These platforms hold large funds and attract attackers. Even a small mistake can lead to big losses. This keeps raising concerns about blockchain security.
The rise in crypto hacks also increases pressure on developers and regulators. Stronger systems and better checks can help reduce risks. The latest DeFi hack clearly shows that security gaps still exist.
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