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
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.
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
Junction41[DOT]io
Infrastructure for the agent economy. Being built on Verus and live on testnet now.
Few realize just how much better Verus is for the Agentic world, for both humans and AI, than any other system in existence.
Humans may not have understood the power of Verus yet, but the agents will get it before they do. When that momentum gets going the regret for passing on $VRSC sub $5.00 will be high. It’s coming🚀
$ZEC $BTC $ETH Hermes OpenClaw
👉438 docentes e investigadores se fueron de Exactas desde que comenzó el gobierno de Javier Milei.
Renuncian a razón de 1 cada dos días.
Sostener la calidad de la enseñanza y la investigación en este contexto es cada vez más difícil.
En este video, el decano y la vicedecana te cuentan cu��l es la situación.
Exigimos al gobierno la aplicación urgente de la #LeyDeFinanciamientoUniversitario
Been trying to get historical data for @VerusCoin on chain dex and I am blown away.
Just in stable coins it has done 200m in volume, with potentially 700m in life time trades.
This from a chain that is only 50m mc with no premines or ICOs.
Tech and community first!!!
Verus protocol level DeFi has 673 Million in on chain total volume since it went live.
This is a fair launch community driven/funded project with zero VC backing and it’s crushing many protocols that have VC money behind them over the same period.
From @F0rkedNft in the Verus Discord using on chain metrics anyone can pull:
“Overall:
- $673M total volume across 2.2M trades over 1,067 days
- Average trade: $305, Median: $20
- Daily average: ~$631K/day
By chain:
- VRSC: $653M (97%)
- vDEX: $11M
- vARRR: $7.3M
- CHIPS: $1.3M
Peak: Sep 2024 — $76M volume, 46K trades ($2.6M/day)”
Now the question why the so called crypto media, coin aggregators, or KOLS are unaware of this even though we have brought Verus innovations to their attention many times?
Verus, with what it has accomplished, should be at least a top 20 project. $VRSC is the trade of a lifetime IMO.
@Cointelegraph@CoinDesk@coingecko@CoinMarketCap@Grayscale
Hey @krakenfx
What is keeping your research department from spotting the obvious?
These numbers(quoted post) are with no medium to major exchange listings and only a couple small exchanges. Most of the volume is actually on chain. Real decentralization. You have a huge listing opportunity here. A very deserving listing at that.
Verus $VRSC
There is nothing like Verus in totality.
My latest project, https://t.co/aSHT6ilOPf, is now online. It’s a place where you can experience onchain content from the open source project #Verus.
The first collection that has been added is my onchain HTML5 arcade game, Verus Blaster🥳
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 & are UTXO spends)
Identity will become a primitive moving forward, and it shouldn’t live in centralized DBs
Some of the greatest innovations in crypto are happening on Verus, right now, while the rest of the industry is floundering.
A fair launch community led project with no VC funding that should be in the top 20 at least.
This new update is huge and supports the new DREAM apps model.
$VRSC $ZEC $ETH
Really strong showing by Verus at Paris Blockchain Week. For a fair launch no VC funding project like Verus to accomplish what it has is remarkable.
$VRSC $BTC $ETH
#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!
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
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
My friends…when I say all roads lead to Verus $VRSC here is a major reason why.
The market is shifting in its understanding of what is most important for a protocol.
You want to know how far ahead of the crowd you are holding Verus? How ahead of the curve @MikeToutonghi design of the system is?
Read the first and last lines last line of the image in the quoted post below.
“Privacy is the one feature that’s critical for the world’s finance to move on chain. It’s also the one feature that almost every blockchain that exists today lacks.”👈👀
“And because privacy is essential for most use cases, **a handful of privacy chains could own most of crypto.”👈👀
Read that again.
That is not from some rando influencer. That is from a16z.
The major players are coming to the conclusion that the chains without privacy are going to fade or have a hard time staying relevant to major business and financial power houses. That is a large portion of existing crypto networks that have no privacy solution built in.
And of the actual privacy chains in the world, how many of them have the wide ranging suite of capabilities and scalability that Verus has? IMO we hold digital gold right now and the market is catching up to reality that privacy is non negotiable and essential. Verus is so far ahead of everyone and everything else, even though price action does not feel that way.
Tell me which privacy chains even come close to all of the capabilities Verus has, especially when it comes to apps?
If you are unfamiliar with Verus please deep dive research it so you don’t embarrass yourself trying to compare $ZEC or some other low function privacy chain to it(you will see why if you actually look honestly and understand what’s under the hood)
Verus is complete. Verus is advanced. Verus is market ready. Verus demolishes the other privacy chains in capabilities and total use case.
The market is starting look at what has privacy and what does not and of the chains that have privacy it is not even close when comparing Verus to everything else. Those of you that hold $VRSC , be glad you found Verus when you did.
$BTC $ETH
From a16z:
https://t.co/8KJeVqvkG0