Hacker Drains $11.58 Million From Verus-Ethereum Bridge

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A hacker drained approximately $11.58 million in assets from the Verus-Ethereum Bridge in a single transaction on May 17, 2026 — targeting a cross-chain infrastructure project that had explicitly marketed itself as immune to the kind of smart contract exploit that just…

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Kraken Cuts 150 Staff, Citing Rising AI Use

Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year. The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday,…

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