Gravity Bridge Halts Operations After $5.4 Million Exploit

Gravity Bridge has temporarily suspended its operations following a reported exploit that resulted in the loss of approximately $5.4 million. According to NS3.AI, the security firm PeckShield identified the stolen assets as including around $4.3 million in USDC, 274 Wrapped Ether, $434,000 in USDt, and 14.164 PAX Gold tokens. The incident has prompted an immediate response from the Gravity Bridge team as they work to address the breach and secure the platform.