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Hackers drained $3.7 million from Nervos Network’s Force Bridge, laundering funds via Tornado Cash for anonymity.
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Taiwan’s BitoPro exchange reportedly lost $11.5 million in hot wallet assets, with no official response issued yet.
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Combined losses total $15.2 million, raising fresh concerns about cross-chain and exchange security in the crypto space.
Two major crypto hacks this week reveal vulnerabilities in cross-chain systems and exchanges, totaling $15.2 million in losses and stirring industry-wide concerns.
Force Bridge Hack: $3.7 Million in Losses
The first hack targeted Force Bridge, a cross-chain bridge of the Nervos Network. According to a report from Cyvers Alerts on X, a suspicious address gained control of the bridge.
After successfully executing the attack, the hacker stole approximately $3 million in assets, including 257,800 USDT, 539.09 ETH, 898,300 USDC, 60,400 DAI, and 0.79 WBTC.
These funds were subsequently converted to ETH and transferred to Tornado Cash—a transaction anonymization tool, complicating traceability efforts.
Cyvers Alerts’ analysis images show the flow of stolen assets, with confirmed losses totaling $2,655,500 as of the incident’s occurrence at 07:17:04 on June 1, 2025 (UTC).
Earlier, Magickbase—the operator of Force Bridge—detected abnormal activity at 03:12 on the same day and promptly suspended investigation services. This swift response, however, could not prevent the losses.
In a latest statement from Magickbase, the total amount of funds affected is approximately $3.7 million, of which roughly $3.1 million is on the Ethereum chain and approximately $600,000 is on the BNB Chain.
For safety reasons, Force Bridge (ETH/BSC to CKB bridge) has been temporarily disabled 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,” Wanchain CEO, Temujin Louie, told COINOTAG.
Suspected BitoPro Hack: $11.5 Million in Losses
On the same day, another hack was reported involving BitoPro, a Taiwan-based cryptocurrency exchange. According to a post from ZachXBT, BitoPro was likely attacked on May 8, 2025, with estimated losses of up to $11.5 million from its hot wallets.
At the time of COINOTAG’s reporting, BitoPro has not issued an official statement regarding the incident. Data from CoinGecko indicates that the Taiwan-based exchange recorded over $24 million in trading volume in the past 24 hours.
BitoPro has confirmed that the old hot wallet had been attacked during the funds allocation process during the wallet system upgrade and asset transfer operations.
COINOTAG reported that malicious actors stole over $244 million from the cryptocurrency industry in May 2025.
Sui-based DeFi protocol Cetus accounted for most of the damage, with North Korean attackers resurfacing. BitMEX foiled a hack attempt by the North Korean hacker group Lazarus, revealing poor operational security.
Conclusion
These recent incidents highlight the ongoing vulnerabilities within the cryptocurrency space, emphasizing the need for improved security measures. With losses exceeding $15 million, industry stakeholders are called to act swiftly to enhance security protocols and protect user assets.
