Cosmos-based Gravity Bridge halts bridge after reported $5.4M exploit

Bearish-18.51%
31 May, 08:57
Source: Cointelegraph

AI Summary

Cosmos-based Gravity Bridge was exploited for approximately $5.4 million due to a suspected signing key compromise, prompting validators to halt the bridge pending investigation.

Cosmos-based Gravity Bridge halts bridge after reported $5.4M exploit

Gravity Bridge was drained of roughly $5.4 million in a suspected signing key compromise, prompting validators to halt the bridge while an investigation is underway.