Cosmos-Primarily based Gravity Bridge Halts After Reported $5.4M Exploit
Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers between Ethereum and Cosmos, was reportedly drained of roughly $5.4 million, prompting validators to halt the bridge. Onchain analyst Specter first flagged the bizarre outflows in a Saturday post on X, revealing that the bridge contract key might have been compromised. “It seems the Gravity Bridge contract…