Bitcoin, Ethereum protocols lose $35M in security breaches

Bitcoin- and Ethereum-linked protocols suffered a combined $35 million in security breaches, underscoring persistent vulnerabilities in cross-chain infrastructure and bridge/private-key security. AFX Trade on Arbitrum lost about $24.15 million in USDC after bridge keys were compromised, followed by a breach of the Verus Ethereum bridge. The article frames the incidents as part of a broader DeFi security problem, with bridges and validator-signing systems remaining high-risk attack surfaces. Market impact appears negative for crypto sentiment: prediction-market pricing suggested a reduced chance of Bitcoin reaching $82,500 in July, reflecting heightened caution after the hacks. The piece also notes Ethereum’s repeated targeting as a sign of systemic infrastructure risk across the ecosystem.