Hacker Steals $5.4M from Gravity Bridge Cross-Chain Protocol
An unknown attacker drained approximately $5.4 million in cryptocurrencies from the Gravity Bridge cross-chain protocol, including USDC, USDT, ETH, and PAUG tokens. The team has urged validators to pause operations pending investigation.
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An unidentified attacker exploited the Gravity Bridge cross-chain protocol, stealing roughly $5.4 million in crypto assets. The stolen funds included 4.3 million USDC, 434,000 USDT, 274 ETH (≈$553,000), and 16,164 PAUG tokens (≈$64,000).
The attacker has laundered part of the proceeds and currently holds 2,102 ETH (≈$4.2 million). The Gravity Bridge team confirmed the incident without providing specifics and called on validators to halt operations until the investigation is complete.
Source: ForkLog