While you were scrolling through cat videos, someone was draining virtual vaults — no ski masks, no alarms. Just a few lines of code... and hello, Caribbean breeze
Chapter One: “Bridge Over Troubled Crypto”
June 3, China. Everything seemed fine at the Nervos blockchain camp. Their pride, Force Bridge, a cross-chain marvel meant to connect Nervos to other networks, was working smoothly.
Then it happened.
Hackers quietly exploited a vulnerability in the bridge, siphoning off $3.7 million. It was silent, surgical — like a seagull snatching a cracker off your table while you blink.
A bridge meant to unite ended up breaking trust.
The bitter twist? Force Bridge was designed with good intentions — to increase interoperability and decentralize power. But freedom, as history shows, comes with consequences.
Chapter Two: “The Taiwan Incident”
Fast-forward to June 11. In Taiwan, the leading local crypto exchange BitoPro suddenly announces a temporary suspension of some services.
Users panic. Wallets go empty. Interfaces glitch. Support goes dark.
Then comes the cold, deadpan statement:
"$11.5 million has been lost. Suspected hack of hot wallets."
Hot wallets — those fast, always-online tools of crypto convenience — have always been a risk.
They’re like gas cans at a fire juggler’s party.
The damage was quick. Funds were pushed through crypto mixers — anonymizers so effective even Sherlock Holmes with a blockchain magnifier would struggle to find a trace.
It’s like a thief used your shoes to leave the footprints.
Two Heists, One Message
In total: $15.2 million gone in under 10 days.
Not a record in crypto, but a flashing red warning sign:
- Cross-chain bridges remain the weakest point in DeFi infrastructure.
- Hot wallets are still ticking time bombs.
- And users? Still paying the price for someone else’s bad code.
The Market?
Bitcoin dropped over $7,000 in the same period — driven by not only geopolitical tensions, but also shaken confidence from news like this.
What's Next?
- Nervos promises compensation and tighter security audits.
- BitoPro launches an internal investigation.
- And users chant the sacred crypto mantra once again:
"Not your keys — not your coins."
Also read:
When the SEC Let Go: What the Withdrawal of 14 Crypto Rules Really Means
