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05/31/2026

Gravity Bridge Exploit Results in $5.4 Million Loss

What happened: Researchers report that the Cosmos-based Gravity Bridge protocol was drained of $5.

Gravity Bridge Exploit Results in $5.4 Million Loss

What happened: Researchers report that the Cosmos-based Gravity Bridge protocol was drained of $5.4 million following a suspected key compromise. The attacker extracted USDC, ether, tether, and PAYG tokens, laundering a portion through ChangeNow and Binance.

Why it matters: This incident underscores the persistent vulnerability of cross-chain bridges to security breaches, with key management remaining a critical attack vector. The loss further highlights ongoing risks for users and protocols in the Cosmos ecosystem and beyond.

Source: The Block