Gravity Bridge hit by May 30 contract key compromise, $5.4M drained and TVL drops 47%
Gravity Bridge, a cross-chain bridge linking Ethereum and the Cosmos ecosystem, was attacked on May 30, with about $5.4 million drained across USDT, ETH, USDC, and PAYG. The protocol said validators should halt validators and orchestrators while an investigation continues, and reported the bridge was halted after validator action. The incident coincided with TVL sliding from $11.82 million to $6.24 million in a day.