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Project Overview
tBTC is a fully Bitcoin-backed ERC-20 token, pegged to the price of Bitcoin. It enables Bitcoin holders to interact with the Ethereum blockchain and access the decentralized finance (DeFi) ecosystem. tBTC is an open-source project, supported by groups such as Keep, Summa, and the Cross-Chain Group.
Threshold Network: Successfully Thwarted Attempt to Maliciously Mint tBTC
Threshold Network posted on platform X, stating that on May 18, 2026, a malicious attacker attempted to mint tBTC without depositing the underlying Bitcoin. The attempt was unsuccessful; no invalid tBTC was issued, and user funds were not at risk.As a precautionary measure against high-frequency malicious activity in the broader crypto ecosystem, Optimistic Minting has been temporarily suspended. Currently, minting operations are conducted through the liquidation mechanism, with typical minting times increasing from approximately 1.5 hours to around 6 to 7 hours.
Verus: Network Currently Suspended; Willing to Offer Bug Bounty If Attacker Returns Funds
Verus confirmed on Platform X that its Verus-Ethereum cross-chain bridge has been attacked, resulting in the theft of ETH, USDC, and tBTC from the contract on the Ethereum chain. Other bridged assets are currently unaffected. The Verus network is now suspended, with most block-producing nodes voluntarily going offline after experiencing the cascading effects of the attack. The development team is fully investigating the scope of the incident, the attack vector, and the subsequent remediation plan, and will provide updates once more information is confirmed. Verus stated that it is willing to cooperate with relevant law enforcement agencies to pursue legal accountability; however, if the attacker returns all stolen funds, the project team is willing to offer a bug bounty and will not pursue further legal action.Verus also reminds users that anyone claiming to be part of the Verus team or community in public channels, private messages, or other avenues, and offering "compensation" or "remediation plans," is a scammer. The official statement emphasizes not to interact with anyone claiming there are compensation projects or offering payouts, and to promptly report such accounts to Discord or Platform X.Previously, it was reported that the Verus-Ethereum cross-chain bridge was attacked, resulting in losses of approximately $11.58 million.
PeckShield: Verus Hacker Has Swapped Stolen Assets for Approximately 5,402.4 ETH
According to PeckShield monitoring, the Verus-Ethereum Bridge has been hacked, resulting in the loss of assets including 103.6 tBTC, 1,625 ETH, and 147,000 USDC. The hacker subsequently swapped the stolen assets for approximately 5,402.4 ETH. The attacker's address received an initial 1 ETH approximately 14 hours ago via the mixing protocol Tornado Cash.
Related news
Threshold Network: Successfully Thwarted Attempt to Maliciously Mint tBTC
Threshold Network posted on platform X, stating that on May 18, 2026, a malicious attacker attempted to mint tBTC without depositing the underlying Bitcoin. The attempt was unsuccessful; no invalid tBTC was issued, and user funds were not at risk.As a precautionary measure against high-frequency malicious activity in the broader crypto ecosystem, Optimistic Minting has been temporarily suspended. Currently, minting operations are conducted through the liquidation mechanism, with typical minting times increasing from approximately 1.5 hours to around 6 to 7 hours.
Verus: Network Currently Suspended; Willing to Offer Bug Bounty If Attacker Returns Funds
Verus confirmed on Platform X that its Verus-Ethereum cross-chain bridge has been attacked, resulting in the theft of ETH, USDC, and tBTC from the contract on the Ethereum chain. Other bridged assets are currently unaffected. The Verus network is now suspended, with most block-producing nodes voluntarily going offline after experiencing the cascading effects of the attack. The development team is fully investigating the scope of the incident, the attack vector, and the subsequent remediation plan, and will provide updates once more information is confirmed. Verus stated that it is willing to cooperate with relevant law enforcement agencies to pursue legal accountability; however, if the attacker returns all stolen funds, the project team is willing to offer a bug bounty and will not pursue further legal action.Verus also reminds users that anyone claiming to be part of the Verus team or community in public channels, private messages, or other avenues, and offering "compensation" or "remediation plans," is a scammer. The official statement emphasizes not to interact with anyone claiming there are compensation projects or offering payouts, and to promptly report such accounts to Discord or Platform X.Previously, it was reported that the Verus-Ethereum cross-chain bridge was attacked, resulting in losses of approximately $11.58 million.
PeckShield: Verus Hacker Has Swapped Stolen Assets for Approximately 5,402.4 ETH
According to PeckShield monitoring, the Verus-Ethereum Bridge has been hacked, resulting in the loss of assets including 103.6 tBTC, 1,625 ETH, and 147,000 USDC. The hacker subsequently swapped the stolen assets for approximately 5,402.4 ETH. The attacker's address received an initial 1 ETH approximately 14 hours ago via the mixing protocol Tornado Cash.