bridge

According to CertiK Alert monitoring, VerusCoin's Ethereum cross-chain bridge experienced a security incident, with approximately $7.53 million in assets being transferred out.Preliminary analysis indicates that this issue may be related to the cross-chain bridge not adequately verifying whether the Verus chain-side input supports the paid amount, similar to the incident that occurred in May of this year.

According to Blockaid's monitoring, the Arbitrum ecosystem protocol AFX was attacked at 5:30 AM Beijing time, targeting a cross-chain bridge operated by the protocol. So far, approximately 24.15 million USDC has been stolen. Blockaid stated that it is working with the Arbitrum team to respond to the incident, communicate with the affected protocols, and assist in freezing the stolen funds.In addition, Offchain Labs co-founder Steven Goldfeder responded on the X platform, stating that the Arbitrum team has noted the reports of the cross-chain bridge attack on Arbitrum and is investigating. Goldfeder confirmed that the related transactions originated from a third-party protocol, and the Arbitrum native bridge was not attacked or exploited. The team will coordinate with the third-party team and provide more details.

Midnight Foundation posted on platform X that the Wanchain Cardano BNB cross-chain bridge has experienced a security attack. Currently, several major exchanges, including KuCoin, Kraken, Binance, Bybit, OKX, and MEXC, have quickly responded by taking preventive measures to restrict the flow of stolen assets, including freezing related accounts and addresses, blacklisting the attacker’s wallet, and suspending the deposit and withdrawal services for the NIGHT token.Exchanges have confirmed that this incident is an isolated third-party bridging vulnerability and is unrelated to the Midnight Network mainnet and the NIGHT asset itself.

According to Decrypt, the cross-chain bridge protocol Allbridge has suspended its Core protocol due to a flash loan attack, with the attacker having stolen approximately $1.65 million in assets from the Solana stablecoin liquidity pool.According to analysis by blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds through the Solana lending protocol Kamino, and then manipulated the price mechanism within the Allbridge pool through multiple stablecoin exchange operations to exchange assets at a low price, subsequently transferring the funds across chains to an Ethereum address.During the attack, the attacker exchanged several thousand dollars in USDT to obtain approximately $2.24 million in USDC, and then bridged the funds to Ethereum for further dispersal. It is currently unclear whether some of the funds can still be recovered.Allbridge stated that the team has suspended the Core protocol for security reasons and has requested affected liquidity providers to withdraw their funds immediately. Due to the attack causing an imbalance in the liquidity pool, some traders profited from arbitrage opportunities. Allbridge has called on relevant users to return their profits, stating that the funds will be used to compensate affected LPs.The team indicated that there is no further risk to user funds at this time and will release a detailed incident analysis report after completing the investigation, while also planning to relaunch the Core protocol after removing the liquidity pool. This is the second time Allbridge has encountered a similar flash loan attack. In April 2023, the protocol's BNB Chain liquidity pool suffered a loss of approximately $573,000 due to a similar vulnerability, after which the project team stated that they had recovered most of the funds and adjusted the liquidity calculation mechanism.

The cross-chain bridge protocol Allbridge Core has experienced a security incident. The official team has suspended the protocol for investigation and advised users holding affected liquidity pools (LPs) to withdraw their funds immediately.This security incident has led to an imbalance in the liquidity pools, creating temporary arbitrage opportunities. The official team calls on arbitrage users to return the funds to compensate the affected liquidity providers (LPs). According to monitoring by Onchain Lens, Allbridge Core's losses have exceeded $1.1 million.

The issuer of USDH, Native Markets, announced that the USDH official website exchange portal has been discontinued. After the portal is disabled, the USDH exchange service will be migrated to the official Bridge channels. In the coming months, Bridge will continue to provide 1:1 redemption and exchange services for USDH, but users will need to complete a separate account registration and access process on the Bridge platform.

The latest research from the Cambridge Centre for Alternative Finance shows that approximately 31% of Ethereum node activity is located in the United States, with about 39% distributed in the EU region excluding the UK, indicating that the geographical distribution of Ethereum nodes is still relatively concentrated in Western countries. The research leader, Alexander Neumuller, stated that the current node distribution is not concentrated in a single country but primarily relies on a few cloud service providers, including Hetzner, Amazon AWS, and OVH.It is noteworthy that the Ethereum network does not require half of the validators to fail for issues to arise; when more than one-third of validators go offline simultaneously, the network may be unable to complete the finalization of block checkpoints. Neumuller pointed out that nodes and validators do not have a one-to-one correspondence; a single node may run multiple validators, making it currently impossible to accurately assess the actual impact of a specific node or service provider failure on the validation network. Additionally, the research reassessed the energy consumption situation after Ethereum's Merge. The data shows that Ethereum's current annual energy consumption is approximately 7.9 GWh, equivalent to about 1 megawatt of continuous power, which is only about 0.02% of the pre-Merge level, with energy consumption decreasing by approximately 99.98%. Currently, the proportion of sustainable energy used by the Ethereum network exceeds 56%, higher than the global average. The research also pointed out that the concentration of client software is another potential risk; if a dominant client has a vulnerability, it could affect a large number of network participants. The report was published by the Cambridge Centre for Alternative Finance, with support from the Ethereum Foundation.

According to BlockSec Phalcon monitoring, the BarnBridge SMART Yield (cUSDC) protocol was attacked on Ethereum, resulting in a loss of approximately $776,000, suspected to be a governance attack.The attacker first gained DAO governance rights, then upgraded the SmartYield/controller proxy to a malicious implementation contract, which subsequently called the _takeUnderlying privileged function of CompoundProvider, using the pre-existing USDC authorizations of 50 user accounts to transfer aggregated funds to the attacker through transferFees.

According to a community alert released by Blockaid, the old governance proposals (#14 and #15) of BarnBridge Smart Yield have token authorization risks. If maliciously executed or upgraded, they may jeopardize existing token authorizations. It has not yet been confirmed that any funds have been withdrawn, but users are advised to check and revoke relevant authorizations on Ethereum as soon as possible.Proposal #14 is in an executable grace period, while proposal #15 is queued, with an expected on-chain execution time of July 16 at 09:23:58 UTC. The affected tokens include USDC, DAI, USDT, GUSD, and RAI, and the relevant contract addresses have been publicly disclosed. Blockaid reminds users to use trusted authorization management tools, not to trust links in replies or accounts claiming to be "support," and not to send funds or sign transfers to any address, only revoke authorizations through trusted tools.

According to Cointelegraph, the launch of Robinhood's Layer 2 network, Robinhood Chain, has boosted market sentiment towards Ethereum. The network uses ETH as its native Gas token, and approximately $141 million worth of ETH has been bridged to the chain.Reports indicate that there are now over 500,000 wallet addresses holding ETH on the network. In the past 24 hours, the DEX trading volume on Robinhood Chain reached $877.56 million, surpassing Ethereum L1 and competitor Base. As an on-chain extension of the traditional financial trading platform Robinhood, it offers tokenized stock services to customers in 120 countries, further strengthening the EVM-compatible ecosystem.

According to Token Terminal data, in the past week, the amount of ETH bridged from the Ethereum mainnet (L1) to Robinhood Chain (L2) has increased by about 10 times, exceeding 100 million USD.It is reported that Robinhood Chain uses ETH as its native Gas token. Token Terminal indicates that if the adoption of this chain continues to grow, it may become a new important source of demand for ETH.

According to The Block, the latest report "Merged Ethereum" released by the Cambridge Centre for Alternative Finance (CCAF) shows that approximately 31% of Ethereum node activity is located in the United States, and 39% is distributed across the European Union (excluding the UK), presenting an overall Western centralization pattern.The report points out that there are potential centralization risks in the Ethereum network—nodes are highly concentrated among three major hosting service providers: Hetzner, AWS, and OVH. If more than one-third of the validators go offline simultaneously, the network checkpoints will stop finalizing.In addition, the report recalculated Ethereum's energy consumption, estimating that the annual electricity usage after the merge is about 7.9 gigawatt-hours, a decrease of approximately 99.98% compared to before the merge, with sustainable energy accounting for over 56%. The cost needed to offset its annual carbon emissions is only about $33,500 to $73,800.

Gate US officially launched the Gate Card, collaborating with Visa, Stripe, and its stablecoin infrastructure company Bridge to create a new generation of digital payment products for U.S. users. The card is issued by Lead Bank (a member bank of the Federal Deposit Insurance Corporation, FDIC) under a Visa license, supporting eligible stablecoins (such as USDC) as a source of funds for consumption, and enabling payments through the Visa global merchant network.The Gate Card offers both virtual and physical card options, supporting Apple Pay, Google Wallet, NFC contactless payments, and ATM withdrawals. Stablecoin exchange and fund settlement are supported by Bridge's infrastructure, and eligible purchases can earn points, which can be redeemed for USDT within the Gate US App.Gate US stated that the launch of the Gate Card further promotes the application of stablecoins in real-world consumption scenarios. In the future, the company will continue to collaborate with partners such as Visa and Stripe to expand the application scenarios of digital assets in global payment and financial services.

According to Cointelegraph, in the first week since the launch of Robinhood Chain, the amount of Ethereum bridged to the chain has exceeded $70 million. Data from Token Terminal shows that the daily active users of Robinhood Chain reached 194,000, with daily revenue increasing to $39,000, resulting in an annualized revenue run rate of approximately $14 million.Data from DefiLlama indicates that its total locked value is 46,748 ETH (approximately $83 million), with a single-day inflow on July 9 reaching 31,855 ETH (approximately $55 million). Uniswap founder Hayden Adams stated that most transactions on Robinhood Chain are priced in ETH, which is the primary trading pair, the asset with the highest trading volume, and the Gas token for the chain, while ETH is consumed through Layer 1 to pay for data storage fees. Analysts believe that ETH as the Gas token for the chain will create a sustained circular demand.

Sun Yuchen posted on platform X: "The BitTorrent team has informed me that they have completed the BTTC Bridge Sunset Program. In the future, the BitTorrent team will focus more on decentralized AI and the maintenance of the BitTorrent decentralized protocol. All funds are safe, and users can continue to deposit and withdraw funds from the BTTC Bridge through partnered centralized exchanges."

The stablecoin payment and issuance infrastructure Bridge officially announced that it has successfully obtained authorization as a crypto asset service provider under the Markets in Crypto-Assets Regulation (MiCA) in Luxembourg, as well as an Electronic Money Institution (EMI) license. With this dual license, its compliant business scope will cover all 27 EU member states.It is reported that this move will significantly expand Bridge's stablecoin service capabilities in the European market. Based on the new license, European businesses and developers can now provide their customers with a real-name virtual IBAN and euro accounts that are universally applicable across the EU through a single integrated interface. In addition, businesses will also be able to compliantly issue customized euro stablecoins for use in scenarios such as cross-border fund transfers and efficient low-cost settlements between institutions.

Etherlink posted on platform X that the Etherlink EVM Bridge has become a target of a security attack. As a precaution, all transfers have been suspended to protect user funds while the issue is being investigated. No funds have been lost.The team is working closely with LayerZero, Asymmetric Research, and Zeeve to investigate the issue and ensure that the attack attempts are fully mitigated. A timeline for restoring services has not yet been determined.

According to a report by a financial magazine, Mu Changchun, the director of the Digital Currency Research Institute of the People's Bank of China, delivered a speech titled "Central Bank Digital Currency Reshaping Cross-Border Payments" at the 2026 Summer Davos Forum. He stated that new variables have emerged in the international monetary system, with the rapid development of stablecoins and various cryptocurrencies, leading the global cross-border payment system into a new stage of development.Mu Changchun revealed that since the successful entry of the Currency Bridge into the real transaction operation phase in June 2024, by the end of 2025, the platform's cumulative transaction volume amounted to nearly 500 billion yuan, with the ultimate goal of developing into a new type of financial market infrastructure (FMI) co-built by central banks and participated in by financial institutions under a multilateral governance and mutually beneficial model.

Taiko released a security incident update on platform X, stating that the incident has been brought under control, the cross-chain bridge and vault have been suspended, and funds can no longer be withdrawn. The cross-chain bridge is offline in both directions, and pending transactions are in a suspended state rather than lost. More information will be announced soon.

Taiko posted on platform X that it has confirmed the chain state verification mechanism of Taiko has been compromised, and the security assumptions of all cross-chain bridges deployed on Taiko are no longer reliable.Taiko is coordinating with the security committee and ecosystem partners to control the situation, suspend affected systems, and take technical and legal action. Taiko strongly advises all users to immediately withdraw funds from all cross-chain bridges deployed on Taiko.Taiko urgently requests all centralized exchanges to suspend TAIKO token deposits until further notice. The attacker's address has been disclosed. Previously, it was reported that the Taiko ERC20 Vault was attacked, resulting in losses exceeding $1 million.