Gravity Bridge Loses $5.4 Million in Suspected Signing Key Compromise

Gravity Bridge Faces $5.4M Exploit As Hacker Launders Funds Through ChangeNow And Binance

PeckShieldAlert, an industry-leading blockchain and Web3 security company, has reported that Gravity Bridge was drained of around $5.4 million in a suspected exploit. Gravity Bridge is an open-source, decentralized blockchain that joins the Ethereum and Cosmos ecosystems. The primary objective is to make the crypto community vigilant about the Gravity Bridge exploit for tracking the stolen funds on-chain. #PeckShieldAlert The @gravity_bridge ha…

CoinStats - Cosmos-based Gravity Bridge drained of $5.4 m...

The attacker took USDC, ether, tether and PAYG tokens before laundering a portion through ChangeNow and Binance.

Alephium Bridge Hacked for $815,000 in 7 Minutes as Compromised Guardian Keys Enable Forged Token Transfers

Roughly $815,000 in digital assets moves out of the Alephium TokenBridge on Ethereum and into a single wallet address in barely 7 minutes. No flash loan. No smart contract exploit. Just three compromised keys and a bridge architecture that hands full authority to whoever holds them. How the attack unfolds: According to Blockaid monitoring, the attacker gains access to three out of four guardian keys securing Alephium’s private Wormhole fork and …

Gravity Bridge Drained of $5.4 Million as Hacker Routes Stolen Funds Through Binance

Cross-chain protocol Gravity Bridge was drained of roughly $5.4 million on May 30, with the attacker reportedly funneling part of the haul through Binance and Changenow, blockchain security firm Peckshield reported. Funds Routed Through Binance and ChangeNow Gravity Bridge, a protocol that moves tokens between Ethereum and the Cosmos ecosystem, lost about $5.4 million in […]

Gravity Bridge Hit by Suspected $5.4M Exploit

Gravity Bridge is facing scrutiny after blockchain security researchers reported a suspected exploit. That drained approximately $5.4 million from the cross-chain bridge on May 30. According to on-chain analysts Specter and PeckShield, the incident may have been caused by a compromised bridge contract key. This allows an attacker to withdraw millions of dollars in assets. #PeckShieldAlert The @gravity_bridge has been drained of ~$5.4M, including…

Gravity Bridge Faces $5.4M Drain After Suspected Contract Key Compromise

Gravity Bridge appears to have been hit by a $5.4 million asset drain after a suspected compromise involving the bridge contract key or signing path. The early breakdown shows the attacker draining about $4.3 million in USDC, 274 WETH worth roughly $553,000, $434,000 in USDT, and about $64,000 in PAYG. Two Ethereum addresses have been linked to the theft: 0x7B582033061b96cC3F9421e73a749ED7C62da1F9 and 0x4d3ca32e687e871a58b78AcAc73bE59AC37C7A47. …