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Gravity Bridge Loses $5.4M in Suspected Contract Key Compromise Attack

GateNews
Security IncidentsOn-Chain Data
G-1.54%
USDC-0.01%
PAXG-0.73%
ETH-1.96%
According to on-chain analyst Specter and security firm PeckShield, Gravity Bridge suffered a security incident recently that resulted in approximately $5.4 million in losses due to a compromised contract key. The attacker stole $4.3 million in USDC, 274 WETH ($553,000), $434,000 in USDT, and 14.164 PAXG tokens ($64,000), with an additional $4.23 million in ETH remaining in the attacker's wallet. In response, the Gravity Bridge team halted bridge operations and instructed validators to stop their validators and orchestrators while the investigation proceeds.
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