thenewscrypto.com
- Nervos Network became a victim of a crypto hack worth $3 million
- Hackers hijacked the Force cross-chain bridge, stole funds, and deposited them into a crypto mixer
The crypto industry is growing in popularity, adoption, and regulation across the globe. But so do the crypto hacks across various platforms. Nervos Network is the recent victim of hackers and has lost over $3 million in funds from its cross-chain bridge.
The news came to light when Web3 security firm Cyvers posted about it on its official X account. Multiple malicious transactions, which took place on the Force bridge, included the following assets:
- 257,800 USDT
- 539.09 ETH
- 898,300 USDC
- 60,400 DAI
- 0.79 WBTC
Overall, hackers stole around $3 million worth of funds. Cyvers also tracked these funds and found that hackers swapped them to Ethereum and deposited them into the popular crypto mixer, Tornado Cash. Once funds are transferred to a crypto mixer, it is almost impossible to find out the wallet addresses linked to those particular asset transfers.
Nervos Network Contributor Magickbase Paused Force Bridge
Hours before Cyvers’ post on the hack, Magickbase stated that it paused the activity on the Force cross-chain bridge due to abnormal activity. Magickbase is a major contributor to and an infrastructure provider of the Nervos Network. It is also one of the key partners of Nervos Network’s flagship cross-chain bridges.
The fact that Magickbase announced its plans to shut down the Force bridge from June 1, 2025, is noteworthy. This announcement was released recently on May 31, and the hackers took this opportunity to steal funds. Because of low activity and high maintenance costs, Magickbase decided to sunset two platforms, the Force Bridge and Godwoken.
This is not the first time cross-chain bridges have fallen victim to crypto hackers. The Ronin cross-chain bridge has lost millions of funds multiple times previously. In another incident, Wormhole lost $323 million in the same year.
Cross-chain functionality and interoperability between blockchains are still in the nascent stages. They have vulnerabilities, which is the reason why hackers are keen on exploiting these platforms.