Gravity Bridge Halts After $5.4M Exploit Hits Cross-Chain Protocol
The post Gravity Bridge Halts After $5.4M Exploit Hits Cross-Chain Protocol appeared on BitcoinEthereumNews.com. Caroline Bishop May 31, 2026 09:05 Gravity Bridge, a Cosmos-Ethereum link, paused operations after a $5.4M breach. Analysts flagged security concerns as stolen funds moved through major platforms. Gravity Bridge, a decentralized protocol connecting Ethereum and Cosmos, has halted operations after a reported $5.4 million exploit. The breach was flagged by onchain analysts and cybersecurity firm PeckShield on Saturday, May 30, 2026, prompting validators to suspend the bridge for investigation. According to PeckShield, the stolen assets include roughly $4.3 million in USDC, 274 Wrapped Ether (worth approximately $553,000), $434,000 in USDT, and 14.164 PAX Gold tokens valued at $64,000. Analysts noted that some of these funds have already been laundered through platforms such as ChangeNow and Binance. At the time of reporting, the attacker’s wallet still held a