Verus Bridge Attacker Returns 4,052 ETH, Keeps $2.8 Million Bounty
An attacker has returned 4,052.4 ETH, valued at approximately $8.5 million, to the Verus platform following their proposal of a bounty framework, according to The Block. The attacker retains a bounty of $2.8 million for their actions in exploiting the bridge, signaling a noteworthy incident within the ecosystem.
On Friday, an individual who exploited the Verus bridge returned 4,052.4 ETH, equivalent to around $8.5 million. This action follows the Verus team's introduction of a framework to incentivize the return of funds stolen during the attack. The structure allows the attacker to keep a $2.8 million bounty as part of the agreement.
Such events shine a light on the increasing use of bounty systems in the crypto space, providing hackers with incentives that could potentially lead to the recovery of stolen assets. This incident reflects broader concerns about the security of bridges—platforms enabling the transfer of tokens across different blockchains—and the risks associated with them.
Going forward, the crypto community will likely monitor how effective bounty programs are in deterring further exploits and whether more projects will adopt similar strategies to secure their platforms.
Summary based on original reporting by Brian Danga at The Block, originally published May 22, 2026. SolanaWire does not republish source content.
Securitize Plans Acquisitions with $400 Million Following NYSE Debut
Securitize intends to pursue acquisitions of complementary businesses with the $400 million it raised through its recent public listing, as reported by CoinDesk. CEO Carlos Domingo emphasizes the firm's focus on expanding its institutional tokenization services rather than acquiring competitors.
27 minutes ago·CoinDesk·Reported by Krisztian Sandor
Summer.fi Halts Lazy Summer Vaults After $6 Million Exploit
Decentralized finance protocol Summer.fi has paused its Lazy Summer vaults following an exploit that drained approximately $6 million from the platform, according to CoinDesk. The SUMR token fell over 18% after the incident was reported by several blockchain security firms, including Blockaid and PeckShield.
1 hour ago·CoinDesk·Reported by Francisco Rodrigues
Cantor Fitzgerald Highlights Importance of STRC for Strategy's Recovery
Cantor Fitzgerald emphasizes that restoring Strategy's preferred shares, STRC, to par is crucial for the company's recovery and its ability to resume bitcoin acquisitions, according to a report by CoinDesk. The Wall Street bank expects management to undertake frequent actions to stabilize its capital structure and benefit both preferred and common shareholders.
2 hours ago·CoinDesk·Reported by Will Canny
Bitmine Expands Ethereum Holdings by $74 Million Amid Regulatory Optimism
Bitmine Immersion has acquired an additional 42,197 ether, valued at approximately $74 million, as reported by CoinDesk. Chairman Tom Lee suggests this increased investment is driven by rising optimism toward the Clarity Act, which may improve regulatory clarity in the cryptocurrency space.
2 hours ago·CoinDesk·Reported by Krisztian Sandor
Trending this week
Vitalik Buterin Announces Major Overhaul for Ethereum's Future
Ethereum co-founder Vitalik Buterin reveals a new roadmap for the blockchain, indicating a comprehensive reconstruction over the next three to four years. This redesign, part of the 'Lean Ethereum' initiative, aims to enhance security, privacy, and scalability, marking a significant transition since the shift to proof-of-stake, according to Decrypt.
2 hours ago·Decrypt·Reported by Decrypt Agent
Strategy Sells $216 Million in Bitcoin for Preferred Dividends
Strategy, a major corporate holder of Bitcoin, sold 3,588 BTC worth $216 million to fund preferred stock dividends, amid an $8.3 billion loss related to its digital assets, according to Decrypt. The company retains 843,775 BTC and has a cash reserve of $2.55 billion.
2 hours ago·Decrypt·Reported by André Beganski
Crypto Prices Rise Over Holiday Weekend Amid ETF Inflows
Following the July 4 holiday weekend, major cryptocurrencies see significant price increases, according to Decrypt. Bitcoin rebounds to over $63,000, while Solana climbs to $81 and Ethereum jumps to $1,770, with a key factor being positive ETF inflows.
3 hours ago·Decrypt·Reported by Tyler Warner
Michael Saylor's Company Sells 3,588 Bitcoin for $216 Million
On July 6, 2026, CoinDesk reports that Michael Saylor's Strategy sold 3,588 bitcoin, totaling about $216 million, to strengthen its dollar reserves for preferred stock dividends. The sale reduces the company's total bitcoin holdings to 843,775 BTC.
3 hours ago·CoinDesk·Reported by James Van Straten
