USDT Among $3.9M Stolen in Nervos Network’s Force Bridge Exploit

On June 2, 2025, Nervos Network’s cross-chain bridge, Force Bridge, fell victim to a significant security breach, resulting in the theft of $3.9 million in digital assets. Blockchain security firm Cyvers Alerts identified the exploit after detecting a suspicious address that had taken control of the bridge. The attacker drained multiple tokens, including 539 ETH, 898,300 USDC, 257,800 USDT, 60,400 DAI, and 0.79 WBTC. The stolen funds were swiftly converted to other assets, highlighting the ongoing vulnerabilities in cross-chain bridges despite advancements in blockchain security. This incident underscores the importance of robust security measures and continuous monitoring to protect digital assets in the rapidly evolving cryptocurrency landscape.

Nervos Network’s Force Bridge Exploited for $3.9M in Crypto

Nervos Network’s cross-chain bridge, Force Bridge, was hacked on June 2, 2025, resulting in the theft of $3.9 million in digital assets. Blockchain security firm Cyvers Alerts first flagged the exploit after detecting a suspicious address that had taken control of the bridge. The attacker drained multiple tokens, including 539 ETH, 898,300 USDC, 257,800 USDT, 60,400 DAI, and 0.79 WBTC.

The stolen funds were swiftly converted to ETH, with $3 million siphoned from ethereum and $800,000 from BNB Chain. Hacken revealed the attacker made repeated failed attempts over six hours before breaching the system. "This exploit underscores the critical threat of access control failures in Web3," Hacken warned in a statement to Crypto.news.

Crypto Lobbyists Push for Focus in U.S. Senate Stablecoin Debate

As the U.S. Senate’s stablecoin bill enters final debate stages, crypto industry lobbyists are urging lawmakers to avoid distractions from competing legislative efforts. The GENIUS Act, designed to regulate stablecoin issuers like Tether (USDT) and Circle (USDC), has gained bipartisan support despite Democratic concerns linking it to former President Trump’s crypto interests.

Major lobbying groups including the Blockchain Association and crypto Council for Innovation emphasized the need for targeted oversight in a joint statement. The bill’s passage would mark a historic milestone as the first major crypto legislation to clear the Senate.

Trust Wallet Introduces FlexGas to Simplify Web3 Transactions

Trust Wallet has launched FlexGas, a feature designed to abstract the friction of gas fees in web3 transactions. Users can now pay fees using tokens like TWT, USDT, or BNB, eliminating the need to hold specific network tokens. This innovation aims to address one of the most persistent pain points in crypto adoption—unpredictable and unintuitive gas fees.

The feature builds on a new Ethereum standard enabling smart contract-based gas abstraction. Trust Wallet is among the first to implement it on the mainnet, following its recent Stablecoin Earn rollout. CEO Eowyn Chen emphasizes the need for self-custodial experiences to match traditional finance usability for crypto to scale.