Crypto Chaos: $15M Vanishes in Juneteenth of Hacks! 😱💸

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Crypto Chaos: $15M Vanishes in Juneteenth of Hacks! 😱💸

Two dazzling new crypto disasters today—because who doesn’t love a good disappointment? —target Nervos Network’s Force Bridge and Taiwan’s beloved BitoPro exchange. Imagine the scene: a hacker, a dash of digital larceny, and millions of dollars gracefully evaporating into the ether. Champagne not included.

Initial estimated losses? A modest $3.7 million here, a slightly more robust $11.5 million there—roughly enough to fund a small island or buy a lot of avocado toast.

Force Bridge Hack: $3.7 Million Vanished Like Yesterday’s Wi-Fi Password

The premiere act in this digital vaudeville: the audacious assault on Force Bridge, Nervos Network’s version of a digital bridge—think of it as a rainbow-colored portal, but instead of unicorns, you get hackers. According to Cyvers Alerts on X—because what’s more reliable than a bird app?—a suspicious address gained the keys to the kingdom.

Once in, the thief scooped up around $3 million, including 257,800 USDT—because who doesn’t need that much in stablecoins?—and a smorgasbord of ETH, USDC, DAI, and a sliver of WBTC. A real digital feast.

These lootings were swiftly whisked away to Tornado Cash—because what better way to hide wealth than blending it into digital fog?—making the trail as clear as mud.

Cyvers’ clever diagrams reveal the path of the pilfered assets, totalling approximately $2,655,500, as the clock struck 07:17 UTC on June 1, 2025. Because timing is everything, right? Earlier, Magickbase, the custodial party, detected peculiar activity at 03:12, like a digital alarm clock ringing in a nightmare—only to throw up its hands and suspend operations faster than you can say “security breach.”

In their latest communiqué, Magickbase estimates total losses at about $3.7 million—an amount that could buy you a yacht, or at least a really fancy avocado toast brunch. Breakdowns: $3.1 million on Ethereum, $600K on BNB Chain. Meanwhile, the bridge is temporarily taking a nap until further notice.

“Whenever a bridge exploit happens – no matter how big or small – it hurts everyone in the blockchain industry. There is a desperate need for open, vetted, industry-wide interoperability standards. As long as we, as an industry, continue to rely on proprietary products where shared, core infrastructure should exist, these kinds of tragedies will continue to happen,” laments Wanchain CEO Temujin Louie, probably while sipping blockchain-flavored latte.

BitoPro Bewilderment: $11.5 Million Disappears in the Taiwanese Twilight

Meanwhile, across the digital sea, BitoPro—another exchange, but with more Taiwanese flair—suffered a mysterious, *probably* intentional, attack on May 8, 2025. ZachXBT reports a stunning estimated loss of $11.5 million, all from their hot wallets, because why not make it easy for hackers?

As of now, BitoPro has remained silent—and we all know silence speaks volumes—while trading volume soared past $24 million in just a day, proving that even hacked, the crypto world keeps spinning. Their official line? “Old hot wallet attacked during system upgrade,” as if that makes it all better.

May’s overall industry losses? Over $244 million, because crypto is *so* predictable. North Korea’s Lazarus group made a cameo, reminding us that bad actors can make even the most secure money look like child’s play. BitMEX also had their moment, thwarting Lazarus’s plans—talk about a close call!

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2025-06-02 21:51