Cosmos-based Gravity Bridge drained of $5.4 million in suspected key compromise, researchers say

Researchers claim a key compromise has drained the Cosmos-based Gravity Bridge of $5.4 million, with the attacker making off with USDC, ether, tether, and PAYG tokens. The stolen funds were laundered through ChangeNow and Binance, highlighting the need for improved security measures in cross-chain bridges to prevent such large-scale exploits and protect investor assets.