Over $15M Lost as Crypto Hacks Hit Nervos Network’s Force Bridge and Taiwan’s BitoPro Exchange

June has started on a sour note for the crypto industry, with two major hacks reported within hours of each other. Combined, the incidents have resulted in over $15 million in losses, highlighting ongoing vulnerabilities in both cross-chain infrastructure and centralized exchange systems.

Force Bridge Exploit Drains $3.7 Million

The first breach targeted Force Bridge, a cross-chain bridge developed by the Nervos Network and operated by Magickbase. Security firm Cyvers Alerts flagged suspicious activity early on June 1, when a hacker managed to compromise the bridge and siphon off a range of digital assets.

The attacker stole approximately $3 million worth of tokens—spanning USDT, ETH, USDC, DAI, and a small amount of WBTC—before converting most of the funds to Ethereum and funneling them through Tornado Cash, an anonymizing mixer service.

Magickbase quickly responded by halting Force Bridge’s operations and launching an internal investigation. In a follow-up statement, the company confirmed total losses of around $3.7 million, split between $3.1 million on Ethereum and $600,000 on the BNB Chain.

For now, the Force Bridge between Ethereum/BNB Chain and Nervos’ CKB has been suspended until further notice.

Temujin Louie, CEO of Wanchain, responded to the news with a broader industry critique:

“Whenever a bridge exploit happens—no matter how big or small—it hurts everyone. We desperately need open, vetted, and standardized interoperability protocols to prevent these recurring failures.”

BitoPro Hot Wallet Breach Results in $11.5 Million Loss

Meanwhile, Taiwanese crypto exchange BitoPro also suffered a major breach. Blockchain investigator ZachXBT was the first to flag the incident, reporting that BitoPro’s hot wallets were compromised during a wallet system upgrade on May 8, though the hack only came to light this week.

Estimated damages from the BitoPro breach total $11.5 million, primarily from assets stolen during internal fund transfers. As of now, BitoPro has not issued an official public statement, though it has reportedly acknowledged the old hot wallet was targeted during infrastructure changes.

Despite the incident, BitoPro continues to operate, with over $24 million in daily trading volume, according to CoinGecko data.

May Was Already Brutal for Crypto Security

These new attacks follow an already difficult month for blockchain security. May 2025 saw over $244 million stolen across multiple exploits. A significant portion of those losses came from Sui-based DeFi protocol Cetus, and North Korean hackers—including the infamous Lazarus Group—were implicated in several high-profile incidents, including an attempted breach of BitMEX.

BitMEX successfully thwarted the attack, but it served as a reminder that even high-tier platforms remain targets.