Verus Ethereum Bridge Exploited for Over $11M as Cashdrop Event Is Scheduled for May 22 - Tekedia

The Verus Ethereum bridge was reportedly exploited for more than $11 million, likely due to a cross-chain verification weakness.

The incident reinforces persistent security risks in DeFi bridge infrastructure and cross-chain transfers.

Separately, PRJX announced a HyperEVM Cashdrop event for May 22 to increase liquidity and user activity.

The move reflects how DeFi projects continue to use incentive events to drive trading and engagement.