
Gravity Bridge was exploited in a security breach that resulted in the theft of approximately $5.4 million in digital assets. The stolen funds included about $4.3 million in USDC, 274 ETH worth roughly $553,000, $434,000 in USDT, and PAYG tokens valued at around $64,000. Blockchain investigators reported that part of the funds has already been moved through crypto exchange and swapping services, while the attacker still controls about 2,102 ETH worth approximately $4.23 million. The incident highlights ongoing security risks facing cross-chain infrastructure. Next, investigators and platform operators are expected to track and attempt to recover the remaining assets.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
As discussions around DTCC’s recent blockchain moves continue, one analyst highlighted an important distinction between…
Stellar's XLM token gained nearly 50% in two days and 96% over the past week…
The U.S. Securities and Exchange Commission has registered Paxos Securities Settlement Company as a clearing…
Bitcoin fell more than 10% from its May 8 peak of $82,000 and is now…
Robinhood is suddenly breaking the crypto playbook. While Bitcoin price struggles to regain momentum and…
Story Highlights The price of the Kadena token is . The KDA price could reach…