Verus - The Internet of Value

The protocol where you own your identity, data, and money. Ownership, not just access. Join the community:

[Verus - The Internet of Value @VerusCoin]

The September edition of the Verus View. Read about all the development, projects, and community updates around Verus. https://t.co/OZIPIWT2L2

[Biz 💥 @BizMunny]

VerusIDs do this - and are also a personal encrypted and decentralized database

It carries with it context-inherent data structuring, and use customizable encryption key hierarchies

Updates to IDs are consensus understood, and are UTXO spends. Your ID is a unique uint160 key for lookups

[Verus - The Internet of Value @VerusCoin]

Check out the first edition of the Verus View. A monthly recap of development, projects, and community updates around Verus.

https://t.co/Op1jheosmx

[Verus - The Internet of Value @VerusCoin]

https://t.co/1TSaxAA4yA

[Verus - The Internet of Value @VerusCoin]

The returned Verus bridge funds have now been converted back into the original currencies for reintegration into the Verus network.

The Verus recovery address currently holds 1,194.86 ETH (73.51% recovered), 76.0321 tBTC (73.41% recovered), and 147,727.67 USDC (100% recovered as discussed in the community meetings).

One issue we noticed is that some DEX interfaces have blocked the Verus return/recovery address. This address is not the attacker’s wallet. It is the community recovery address holding community funds.

We ask @Uniswap (your compliance department has been notified, we are still waiting for a response) @1inch @blockaid_ to review and correct the classification of the Verus recovery address (0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74).



We ask the community to help by tagging relevant DEX interfaces, wallets, block explorers, and tracking services below, so the Verus recovery address is correctly recognized across the ecosystem.

0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74

[Verus - The Internet of Value @VerusCoin]

The returned Verus bridge funds have now been converted back into the original currencies for reintegration into the Verus network.

The Verus recovery address currently holds 1,194.86 ETH (73.51% recovered), 76.0321 tBTC (73.41% recovered), and 147,727.67 USDC (100% recovered as discussed in the community meetings).

One issue we noticed is that some DEX interfaces have blocked the Verus return/recovery address. This address is not the attacker’s wallet. It is the community recovery address holding community funds.

We ask @Uniswap (your compliance department has been notified, we are still waiting for a response) @1inch @blockaid_ to review and correct the classification of the Verus recovery address (0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74).



We ask the community to help by tagging relevant DEX interfaces, wallets, block explorers, and tracking services below, so the Verus recovery address is correctly recognized across the ecosystem.

0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74

[Verus - The Internet of Value @VerusCoin]

From Discord:

We can confirm that 4052.4 ETH (around 75% of the stolen funds) have been returned to the funds return address by the bridge exploiter, and are now controlled by members of the Verus community. While we are hard at work on a plan to reintegrate those funds into the bridge and restore DeFi functionality, we would like to address a few key questions we have been seeing across public discussion and social media, invite everyone to participate in the community meeting taking place today at 19:00 UTC time [on Discord], discuss the plan going forward, and reflect a little on the events of the last few days.

Firstly, we would like to announce that we will be following our end of the publicly posted terms: we are ceasing any investigation we were previously conducting, and will not be pursuing the exploiters further or pressing charges. The 1350 ETH has been moved to another address by the exploiter, is a bounty and not viewed by us as stolen funds. To those asking how we came to the amount offered as the bounty, it was an amount that, along with the reduction of risk to them by considering this a bounty, we believed would be most likely to result in a return of funds. Out of respect for our end of the terms, we will not be engaging in discussion regarding the negotiation process.

Secondly, we need to acknowledge and learn from this experience as a community broadly, if we want a long and prosperous future for Verus as a project. Our success or challenges affect everyone in the community, and others indirectly through them. As mentioned in our breakdown of the exploit, it was both sophisticated and statistically fortunate. However, it was ultimately possible due to a chained together series of difficult to exploit software bugs, that on their own, could be considered minor. The few community developers that could have detected and fixed those issues before this event have been working, oftentimes as volunteers, tirelessly now for more than 8 years to bring the vision behind Verus to fruition. Although a small and appreciated number of core community members have listened and understood repeated attempts to sound the alarm about the need to fund development and continuous strengthening of a protocol as revolutionary as Verus, these discussions have often been overshadowed by marketing or other priorities first, even though the protocol, with unique capabilities and robustness, along with a breadth of core contributors make up the bedrock on which everything rests. Development donations even just to Valu's matching (Valu has offered to match up to 20k $ per month), a funded bug bounty program, or one or more extra pairs of skilled eyes developing on the Verus codebase may have enabled identifying and preventing this issue before it began, and would have cost a lot less than 3 million $. Although not exciting to hear or discuss, funding solid, sustainable development is as important as ever in the coming age of AI enabled exploits and quantum computing.

Finally, we would also like to mention that those looking to market or advertise themselves or their services (however well intentioned), whether that is auditing, investigation, etc. refrain from doing so in today's community meeting, and reach out to @lyonsnicholas1 ["Consilience" on Discord] directly instead. Today will be a chance to discuss how we plan to move forward from this event, and address any further questions regarding the incredibly stressful last few days. Although we can all breath a bit easier with the funds return having taken place, the hardest work to do to get Verus back on track is still ahead of us. Thank you all and we hope to see you here in the Verus Discord for today's community meeting at 19:00 UTC.

[Verus - The Internet of Value @VerusCoin]

To the Verus<->Ethereum Bridge Exploiter:
Members of the Verus community and its developers have discussed a set of terms, detailing the size of the bounty, obligations from your side and ours, and how the funds can be returned.

1. We have agreed that the bounty amount will be 1350 ETH. If you adhere to these terms, we will consider these 1350 ETH a reward for your exposing of a vulnerability, and we would publicly request to all interested parties that the 1350 ETH be considered your legitimate bounty.
2. If the funds are returned to the address 0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74, minus 1350 ETH, meaning a total return of 4052.4 ETH within 24 hours after this post, Verus community members and developers, and everyone we currently know to be involved in investigating the event, will halt any existing investigations into you to the best of our ability, and we will not press charges or pursue extralegal consequences. We will consider the address that holds 1350, either as change or if still in the source as the bounty address.

If you return a total of 4052.4 ETH to the address 0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74 within the 24 hours specified above, we will understand that as your agreement to these terms, and we will uphold our stated agreement to cease further investigation into you, not initiate new investigation of you, not press charges, and not seek additional consequences. We will also post a public acknowledgement, referencing the 1350 ETH and publicly state that we consider those funds to be your bounty. If further communication is required to come to an agreement, please refer to the following contact points, as mentioned in previous messages:

email: [email protected]
z-address on Verus (for encrypted memo communication): zs1wl6e6qe8z8n8t8jp4qxek5ey53t9xajzwxc75gj72wrcwuq6ha4mdg0v8p6z8wpkz2fhxrqlayc

For confirmation that this offer is coming from the Verus Community, you can see the same message posted on the Verus Discord, in the announcements channel.

[Verus - The Internet of Value @VerusCoin]

Announcement regarding the attack on the Verus-Ethereum Bridge:
https://t.co/xyTXiU1KeF

[Verus - The Internet of Value @VerusCoin]

https://t.co/32e5sCbuOk

[Verus - The Internet of Value @VerusCoin]

https://t.co/32e5sCbuOk

[Verus - The Internet of Value @VerusCoin]

https://t.co/PnrFxt8BJu

[Verus - The Internet of Value @VerusCoin]

Anyone here or in DM (or anywhere) claiming to be part of the Verus team or community offering reimbursement is a scammer, DO NOT ENGAGE WITH PEOPLE OFFERING REIMBURSEMENT OR CLAIMING THERE IS A REIMBURSEMENT PROGRAM, AND REPORT THEM TO DISCORD or X accordingly.

[Verus - The Internet of Value @VerusCoin]

Follow the Verus Discord for latest information. https://t.co/zxKGGLJGRY

[Verus - The Internet of Value @VerusCoin]

Anyone here or in DM (or anywhere) claiming to be part of the Verus team or community offering reimbursement is a scammer, DO NOT ENGAGE WITH PEOPLE OFFERING REIMBURSEMENT OR CLAIMING THERE IS A REIMBURSEMENT PROGRAM, AND REPORT THEM TO DISCORD or X accordingly.

[Verus - The Internet of Value @VerusCoin]

🫡

[Biz 💥 @BizMunny]

I dedicated most of the last two years of my time, toward realizing Verus’s DREAM app encryption model

Because I truly believe it can be the backbone for a safer internet

This entailed: learning full stack mobile development, zcash-style note encryption, and zip32 key management for the first time

while upgrading a rust backend, SDKs for both mobile platforms, a golang layer for lightwalletd, integrating these seamlessly with an existing mobile app, forging upgrade paths where none existed, & preserving backwards compatibility

The end result also now gives us easily attainable upgrades paths to: orchard, HD transparent addresses, and some other key scope privacy improvements too

Zcash R&D team was very helpful, but even they admitted the sheer volume of differences was hard to elucidate clearly

We are finally there. I’m quite proud of the work, and now have tons of experience at all levels of stack

Take some time to watch Michael Toutonghi’s Keynote Presentation, where he explains very cogently why you, too, should care

There are many reasons that I chose to spend my time learning and implementing on Verus. All the claims made are - put simply - gloriously true

[Biz 💥 @BizMunny]

@ej888coin Verus also has more efficient MMRs than (again, just an example) Zcash’s frontier Merkle tree.

Here’s data for 1 million real hashes, run through each Merkle structure, for x = [1000, 1MM]

Mike wrote the MMR implementation himself, and I think the data below speaks for itself

[Biz 💥 @BizMunny]

If you agree with Hackernoon, I highly encourage you to check out VerusIDs

All is baked deeply into consensus (updates to ID occur via smart transactions &amp; are UTXO spends)

Identity will become a primitive moving forward, and it shouldn’t live in centralized DBs

[Verus - The Internet of Value @VerusCoin]

@AquarianMetals 👋

[Verus - The Internet of Value @VerusCoin]

#PBW2026 has been a blast. Great conversations at the booth, Mike Toutonghi’s presentation on DREAM apps and that warming Verus community feeling.

Thanks for everyone who came and made this happen!

[Verus - The Internet of Value @VerusCoin]

Let's put users back in control of their data with DREAM apps.

Decentralized, Rights-preserving, Encrypted, Application Model.

Come see the keynote, Wednesday, 15 April, 10:40 AM, Mona Lisa Stage.

#PBW2026

[Verus - The Internet of Value @VerusCoin]

Paris Blockchain Week just got interesting.

Michael Toutonghi, lead developer of Verus, is keynoting on April 15 at 10:40 AM.

Verus also has a booth on the floor. If you're serious about where blockchain infrastructure is heading, come find us.

#PBW2026