Nervos Network suspended its operation after a $3 million hack

Hackers took USDT, USDC, DAI, ETH, and WBTC coins out of the Force Bridge protocol and sent them to Tornado Cash

02.06.2025 - 11:25

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3 min

What’s new? Force Bridge, a digital asset transfer bridge linked to the Nervos Network protocol, has been attacked with $3 million worth of damage. IS firm Cyvers specialists recorded a series of suspicious transactions involving a single address on June 2.

Source: X.com

What else is known? The hacker seized control of the bridge and stole various amounts in USDC, USDT, and DAI stablecoins, as well as ETH tokens and wrapped bitcoins. In total, 898 300 USDC, 257 800 USDT, 60 400 DAI, 539,9 ETH, and 0,79 WBTC were withdrawn from the protocol as a result of the attack.

All funds were then converted to ETH and sent to crypto mixer Tornado Cash, which was on the US sanctions list from August 2022 to January 2025 for laundering assets of DPRK Lazarus Group hackers linked to a government weapons program.

The Nervos Network team has suspended the contracts and launched an investigation into the incident, promising to provide an update as soon as possible.

Source: X.com

On May 22, a hack caused the Cetus liquidity protocol on the Sui blockchain to lose $223 million, the second most damaging incident in the crypto space this year. Nevertheless, the developers managed to block a substantial portion of the amount.

Last month, Beng Zhou’s Dubai-based crypto exchange Bybit was granted a MiCA license to operate in the European Union following a $1,5 billion hack in February, which was the largest in the history of the crypto industry.

Cryptocurrency theft through domain names: the Curve Finance case

The attackers managed to attack the Curve Finance project without interfering with its smart contracts.

Also in May, an exploit using a collateral-free loan manipulation method caused the Skim platform to lose more than $696 000, while about $500 000 was withdrawn from ZunamiProtocol, which the hacker later sent to Tornado Cash.

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