Verus-Ethereum Bridge: $11.5M Drained in Exploit

Verus-Ethereum Bridge suffered an exploit draining roughly $11.5 million, with the attacker immediately converting proceeds into 5,402 ETH. On-chain data shows the funds moved through a single address tracked by Arkham Intelligence, echoing prior cross-chain bridge hacks that targeted Ethereum security gaps since 2018 when Verus first addressed MEV and scalability issues.

ETH trades at $2115.65 on the 4h chart, pressing directly against the lower Bollinger Band support at $2116.08 while the RSI(14) sits at 23.0 in oversold territory and the MACD registers a clear death cross at -33.03; price action remains below both the EMA50 at $2243.93 and EMA200 at $2265.46, suggesting any short-term relief rally would likely stall near the $2292.09 upper band before continuation lower.