Today6h ago
Project update
Gravity Bridge Loses $5.4M in Suspected Key Compromise
Gravity Bridge was drained of ~$5.4M early Saturday after an attacker pushed unauthorized withdrawals through the bridge’s signing layer. The team halted operations while investigating.
Stolen funds include ~$4.3M USDC, $553k in wrapped ETH, $434k USDT, and $64k PAXG. Part of the haul moved through ChangeNow and Binance, with ~2,100 ETH (~$4.23M) still in the attacker’s wallet.
Researchers suspect a compromised signing key with no contract bug involved. April logged the most crypto exploits in a single month on record, with bridge key failures as a primary driver.
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