Ethereum Price Prediction: Another Protocol Hacked for $7.5 Million

Ethereum price prediction has turned more cautious after the Verus Ethereum bridge suffered a $7.5 million exploit, raising fresh security concerns across the ecosystem. The attack did not compromise Ethereum itself. It targeted the bridge’s off-chain infrastructure instead.

According to security reports, the attacker exploited weaknesses in the Verus Ethereum bridge and drained roughly $7.54 million in assets. The breach affected the bridge’s infrastructure rather than Ethereum’s base layer. The incident renewed concerns over the risks tied to cross-chain protocols, even though Ethereum’s core network remained secure.

The Verus exploit was not an isolated event. Within roughly six hours, AFX on Arbitrum lost about $24.15 million, while Bitcoin scaling network B² suffered another $3.86 million exploit. The three attacks resulted in nearly $35 million in losses, making it one of the biggest waves of crypto security breaches this week.

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