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Gravity Bridge Exploit Results in $5.4 Million Crypto Loss

Published by
Nidhi Kolhapur

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.

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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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