Gravity Bridge Drained of $5.4 Million Following Suspected Signing Key Compromise
Cross-chain bridge Gravity Bridge, which enables asset transfers between Ethereum and the Cosmos ecosystem, fell victim to a security incident on May 30. On-chain monitoring firms detected unauthorized outflows totaling roughly $5.4 million from the protocol’s Ethereum contract. Analysts largely attribute the breach to a… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged cosmos, defi, exploit, gravity bridge, peckshield