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
Author: Slava Vasipenok
Founder and CEO of QUASA (quasa.io) - Daily insights on Web3, AI, Crypto, and Freelance. Stay updated on finance, technology trends, and creator tools - with sources and real value.
Innovative entrepreneur with over 20 years of experience in IT, fintech, and blockchain. Specializes in decentralized solutions for freelancing, helping to overcome the barriers of traditional finance, especially in developing regions.
This is not financial or investment advice. Always do your own research (DYOR).
