Gravity Bridge halts Ethereum-Cosmos bridge after reported $5.4M exploit
first published 2026-05-31T08:57:25Z
Gravity Bridge, a decentralized bridge between Ethereum and Cosmos, was reportedly exploited for about $5.4 million after its contract key may have been compromised. Onchain analyst Specter and PeckShield identified the stolen assets, and Gravity Bridge halted the bridge while asking validators to stop operating during the investigation.
AI Analysis
The summary reports a possible contract key compromise, about $5.4 million stolen, and the bridge being halted. This is a direct security failure affecting a cross-chain protocol, which is likely to weigh on near-term sentiment and trading interest.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
