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Crypto bridges lose $35M in hours due to key compromises and logic flaws, not broken cryptography

Market News
23 Jul 2026
Coindesk
View Source
Bearish
pluang ai news

Within six hours, multiple crypto bridges and cross-chain protocols lost over $35 million due to attacks exploiting logic flaws and compromised keys, not cryptographic failures. Verus's Ethereum bridge was exploited twice for $7.54 million by reusing a known bug, while B² Network lost $3.86 million after an attacker seized upgrade authority over its staking contract. These incidents highlight ongoing vulnerabilities in governance and permissions rather than cryptography itself, with AI-driven tools potentially increasing future risks. The repeated breaches erode trust and emphasize the need for stronger security controls in cross-chain systems.

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Resouro files mining concession application for Novo Mundo gold project in Brazil, advancing toward full production.

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Strategy unveils new Bitcoin metrics revealing true shareholder BTC value after debt and obligations.

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Cryptocurrencies fall as US-Iran conflict escalates, wiping out $250M in market value.

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