CryptoWorld News reports that, according to PeckShield, the Gravity Bridge on Cosmos was hacked, resulting in the loss of approximately $5.4 million worth of assets. The attacker has transferred some of the stolen funds and still holds about $4.2 million worth of 2,100 ETH.

ATOM-4.28%
ETH-0.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
Add a comment
Add a comment
RiskParachute
· 7h ago
The methods hackers use to transfer funds are worth studying; start analyzing on-chain data.
View OriginalReply0
LiquidityBarista
· 9h ago
This is when the importance of the insurance mechanism is revealed.
View OriginalReply0
LiquidityLifeguard
· 9h ago
4.2 million dollars still in hand, it's time for the tracking team to get to work
View OriginalReply0
TokenTinkerTao
· 9h ago
The safety of bridges is truly a persistent problem in the industry.
View OriginalReply0
GovernanceMoodboard
· 9h ago
The Cosmos ecosystem hasn't been doing very well this year.
View OriginalReply0
Frictionless
· 9h ago
The risk factor of cross-chain bridges is too high; it's only suitable for small-scale play.
View OriginalReply0
ReadingContractsUntilMyEyesAre
· 9h ago
The 2100 ETH hasn't finished running yet, is the hacker waiting for an opportunity?
View OriginalReply0
ExitLiquidityStan
· 9h ago
Cross-chain bridge issues again, $5.4 million lost
View OriginalReply0
AirdropEtiquette
· 9h ago
PeckShield's disclosure this time was quite quick, the response is acceptable.
View OriginalReply0
ViewingBullAndBearMarketsFromA
· 9h ago
Gravity Bridge got hacked this time; the security of the Cosmos ecosystem still needs further refinement.
View OriginalReply0
View More
  • Pinned