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Hackers drain $5.4M from Gravity’s Ethereum – Cosmos bridge


Hackers drain $5.4M from Gravity’s Ethereum – Cosmos bridge

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On May 30 an attacker drained approximately $5.4 million from Gravity Bridge, the cross-chain bridge connecting Ethereum and the Cosmos ecosystem, in a suspected contract key compromise flagged by PeckShieldAlert and Cyvers. The exploit highlights persistent security risks for crypto cross-chain bridges and DeFi interoperability, undermining trust, cross-chain liquidity and adoption.

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An attacker has drained approximately $5.4 million from Gravity Bridge, the cross-chain bridge connecting Ethereum and the Cosmos ecosystem, in what on-chain analysts suspect was a contract key compromise. The theft, which was flagged on May 30 by blockchain security firms PeckShieldAlert and Cyvers, continues a punishing stretch for cross-chain infrastructure. Bridges have repeatedly proven...
Read the article at CryptoPolitan

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In This News

Coins

$ 1.77K

-0.08%

Predictions Markets

See what traders are focused on

View analytics →
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Share: