The $vETH contract has been exploited, resulting in a loss of approximately 142 ETH, valued at around $450,000. Multiple security firms, including CertiK and SlowMist, reported suspicious activities linked to the contract, with indications of price manipulation as the root cause. The exploit was traced to an attack wallet, and the $vETH team has reached out to the exploiter, offering a 20% bug bounty for the return of funds. The incident highlights ongoing vulnerabilities in the cryptocurrency space, with 2024 already witnessing over $800 million in major phishing incidents.