{"id":429002,"date":"2026-05-31T17:41:10","date_gmt":"2026-05-31T12:11:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/gravity-bridge-hack-drains-5-4m-as-tvl-crashes-47-details-crypto-news\/"},"modified":"2026-05-31T19:18:59","modified_gmt":"2026-05-31T13:48:59","slug":"gravity-bridge-hack-drains-5-4m-as-tvl-crashes-47-details-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gravity-bridge-hack-drains-5-4m-as-tvl-crashes-47-details-crypto-news\/","title":{"rendered":"Gravity Bridge hack drains $5.4M as TVL crashes 47% &#8211; Details &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Gravity Bridge, a cross\u2011chain protocol connecting Ethereum [ETH] with the Cosmos ecosystem, was attacked on the 30th of May, adding to the string of exploits seen in 2026.\u00a0<\/span><span style=\"font-weight: 400;\">According to on\u2011chain investigator Specter, the breach compromised roughly $5.4 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this contract key compromise, a total of four assets were drained, which includes $4.3 million in Tether (USDT), 274 ETH worth $553K, $434K in Circle (USDC), and 14.164 PAYG worth $64K.\u00a0\u00a0\u00a0<\/span><\/p>\n<figure id=\"attachment_603846\" aria-describedby=\"caption-attachment-603846\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-scaled.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603846 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-scaled.png\" alt=\"Theft of $5.4M\" width=\"2560\" height=\"700\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-scaled.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-300x82.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-1024x280.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-768x210.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-1536x420.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-2048x560.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Theft-of-5.4M-1200x328.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-603846\" class=\"wp-caption-text\">Source: Specter\/X<\/figcaption><\/figure>\n<h2><strong>Funds laundered and steps taken <\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">That said, <\/span><span style=\"font-weight: 400;\">the attacker went further, laundering part of the stolen assets <\/span><span style=\"font-weight: 400;\">via ChangNow and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/coins\/binancecoin\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Binance [BNB]<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/SpecterAnalyst\/status\/2060613063816941820\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">According to Specter<\/a>, the attacker held roughly 2,102 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/coins\/ethereum\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">ETH<\/a> worth $4.23 million, indicating that most of the lost stolen funds were still left with the wrongdoer.\u00a0\u00a0\u00a0<\/span><\/p>\n<figure id=\"attachment_603847\" aria-describedby=\"caption-attachment-603847\" style=\"width: 2356px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603847 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Laundered the stolen funds\" width=\"2356\" height=\"1462\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds.png 2356w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-300x186.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1024x635.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-768x477.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1536x953.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-2048x1271.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1200x745.png 1200w\" data-lazy-sizes=\"(max-width: 2356px) 100vw, 2356px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603847 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds.png\" alt=\"Laundered the stolen funds\" width=\"2356\" height=\"1462\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds.png 2356w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-300x186.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1024x635.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-768x477.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1536x953.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-2048x1271.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Laundered-the-stolen-funds-1200x745.png 1200w\" sizes=\"auto, (max-width: 2356px) 100vw, 2356px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-603847\" class=\"wp-caption-text\">Source: Specter\/X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">As soon as the attack came to the surface, Gravity Bridge was fast enough to take to X and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/gravity_bridge\/status\/2060715098809970741\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">noted<\/a>,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Validators should halt their validators and orchestrators while this incident is being investigated.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Within hours, the cross-chain protocol further added,\u00a0\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Thanks to the swift action of validators, the bridge is currently halted while investigations continue.\u201d The addresses linked to the attack were two Ethereum addresses, \u201c0x7B5820\u2026da1F9\u201d and \u201c0x4d3cc32\u2026C7A47.<\/span><\/p>\n<\/blockquote>\n<h2><strong>Impact on Gravity Bridge TVL and more\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Unfortunately, the attack also caused Gravity Bridge\u2019s TVL to drop from $11.82 million to $6.24 million in a day.\u00a0<\/span><\/p>\n<figure id=\"attachment_603849\" aria-describedby=\"caption-attachment-603849\" style=\"width: 1548px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603849 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Gravity Bridge's TVL to drop\" width=\"1548\" height=\"776\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop.png 1548w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-300x150.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1024x513.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-768x385.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1536x770.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1200x602.png 1200w\" data-lazy-sizes=\"(max-width: 1548px) 100vw, 1548px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603849 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop.png\" alt=\"Gravity Bridge's TVL to drop\" width=\"1548\" height=\"776\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop.png 1548w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-300x150.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1024x513.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-768x385.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1536x770.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Gravity-Bridges-TVL-to-drop-1200x602.png 1200w\" sizes=\"auto, (max-width: 1548px) 100vw, 1548px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-603849\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">This coincided with a wave of attacks in 2026 that, according to DeFiLlama, has resulted in a loss of $759.84 million.\u00a0<\/span><\/p>\n<figure id=\"attachment_603848\" aria-describedby=\"caption-attachment-603848\" style=\"width: 1548px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603848 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"total value hack\" width=\"1548\" height=\"678\" data-lazy-srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack.png 1548w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1024x448.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-768x336.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1536x673.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1200x526.png 1200w\" data-lazy-sizes=\"(max-width: 1548px) 100vw, 1548px\" data-lazy-src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-603848 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack.png\" alt=\"total value hack\" width=\"1548\" height=\"678\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack.png 1548w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1024x448.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-768x336.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1536x673.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/total-value-hack-1200x526.png 1200w\" sizes=\"auto, (max-width: 1548px) 100vw, 1548px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-603848\" class=\"wp-caption-text\">Source: DeFiLlama<\/figcaption><\/figure>\n<hr\/>\n<h2><span style=\"font-weight: 400;\">Final Summary <\/span><\/h2>\n<ul>\n<li><em><span style=\"font-weight: 400;\">A total of $5.4 million was lost as assets including USDT, USDC, ETH, and PAYG were drained.\u00a0<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">While the attacker laundered part of the funds, roughly 2,102 ETH worth $4.23 million remains in their possession. <\/span><\/em><\/li>\n<\/ul><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gravity Bridge, a cross\u2011chain protocol connecting Ethereum [ETH] with the Cosmos ecosystem, was attacked on the 30th of May, adding to the string of exploits seen in 2026.\u00a0According to on\u2011chain investigator Specter, the breach compromised roughly $5.4 million.\u00a0 In this contract key compromise, a total of four assets were drained, which includes $4.3 million in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":429003,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[46715,230,47308,225,221,208,227,226,228,47309,229,60,223,207,224,222],"class_list":["post-429002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-ambcrypto","tag-brave","tag-bridge-attack","tag-coinbase","tag-crypto","tag-crypto-news","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-drained","tag-erc-20","tag-featured","tag-meme-coin","tag-news","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=429002"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429002\/revisions"}],"predecessor-version":[{"id":429004,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/429002\/revisions\/429004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/429003"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=429002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=429002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=429002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}