Gravity Bridge has been compromised in an attack resulting in approximately $5.4 million in stolen assets, with the perpetrator converting the funds to Ether (ETH), according to security firm PeckShield.
The attacker currently holds approximately 2,102 ETH, valued at roughly $4.1 million, following the conversion of the bridged assets. The theft represents a significant security breach for the cross-chain bridge protocol, which facilitates asset transfers between blockchains.
Gravity Bridge, a key infrastructure component for interoperability in the Cosmos ecosystem, has not yet issued an official statement regarding recovery efforts or the technical details of the vulnerability exploited. The incident underscores persistent security risks in bridge protocols, which have been frequent targets for attackers seeking to capitalize on complex smart contract architectures.