Bitcoin, Ethereum-linked protocols lose $35 million in multiple attacks hours apart

Three blockchain bridges and cross-chain protocols lost $35 million in coordinated attacks within six hours, all exploiting logic flaws and compromised administrative keys rather than broken cryptography. Verus's Ethereum bridge was drained for the second time this year through the same unpatched vulnerability, after the protocol redeposited recovered funds into the vulnerable system.

This Wire brief sits within Fusion42's coverage of Crypto & Web3 and Cybersecurity. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.