Two Major Crypto Hacks Kick Off June with Over $15 Million in Losses

Two new crypto hacks announced today target Nervos Network’s Force Bridge and Taiwan’s BitoPro exchange.

Initial estimated losses from these two hacks amount to approximately $3.7 million and $11.5 million.

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.

Transaction related to Nervos Network’s Force Bridge. Source: Cyvers Alerts

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 BeInCrypto.

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.

Current status of BitoPro exchange. Source: CoinGecko

At the time of BeInCrypto’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.

BeInCrypto 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.