Gravity Bridge was drained of roughly $5.4 million in a suspected signing key compromise, prompting validators to halt the bridge while an investigation is underway.
The post Fake Bridge Messages Let Hacker Drain $815,000 From Alephium appeared on BitcoinEthereumNews.com.
Alephium’s (ALPH) TokenBridge was drained of approximately $815,000 after an attacker exploited a flaw that allowed forged messages to pass through the protocol’s guardian network and authorize fraudulent token transfers. The Alephium team confirmed that blockchain security firm Blockaid was the first to detect the exploit. The Security Alliance’s SEAL_911 emergency response unit also provided assistance and responsiveness throughout the subsequent investigation. Exploit Drains $815,000 in Under 7 Minutes The attacker moved funds from the Alephium TokenBridge on both Ethereum and BNB Chain in roughly seven minutes. On Ethereum, losses included 200,967 Tether (USDT), 17,594 USD Coin (USDC), 5.18 Wrapped Ether (WETH), and 0.335 Wrapped Bitcoin (WBTC). An additional 36,750 USDT and 24.386 Wrapped BNB were removed from the BNB Chain side of the bridge. The attacker also minted 13.76 m
The post ATOM’s Relative Strength: Cosmos Moves Without Altseason appeared on BitcoinEthereumNews.com.
Most traders are conditioned to wait for “altseason” before touching anything outside BTC or ETH. But Cosmos assets often move to their own rhythm. The question is how to recognize and trade that relative strength without relying on a market-wide melt-up. This article maps the mechanics that let ATOM and Cosmos tokens trend on localized catalysts, shows where the liquidity sits on-chain, and offers a step-by-step plan to express a view with tight risk controls. It’s informational, not investment advice.
Aspect What to Know
Market signal ATOM’s 30‑day change sits around +3.6%, a modest but positive drift even as broader majors chop (CoinGecko (Cosmos Hub / ATOM page)).
On-chain liquidity Cosmos-native DEX liquidity and fees show real usage: Osmosis 30‑day volume ~$127.85M, fees ~$247,991, TVL ~$17.42M (DeFiLlama (Osmosis DEX page)).
ATOM in AMMs Specific ATOM pools like H
The post Cosmos-Based Gravity Bridge Halts After Reported $5.4M Exploit appeared on BitcoinEthereumNews.com.
Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers between Ethereum and Cosmos, was reportedly drained of roughly $5.4 million, prompting validators to halt the bridge. Onchain analyst Specter first flagged the unusual outflows in a Saturday post on X, revealing that the bridge contract key may have been compromised. “It appears the Gravity Bridge contract key may have been compromised, resulting in the theft of $5.4M,” Specter wrote. Security firm PeckShield also confirmed the exploit in a post, breaking down the stolen assets as approximately $4.3 million in USDC (USDC), 274 Wrapped Ether (WETH) worth roughly $553,000, $434,000 in USDt (USDT) and 14.164 PAX Gold (PAXG) tokens worth about $64,000. Source: PeckShield PeckShield reported that a portion of the haul had already been laundered through instant-swap service ChangeNow and through Binance, whi
The post Ripple architect says XRPL can go underground if states attack appeared on BitcoinEthereumNews.com.
Ripple CTO Emeritus David Schwartz has outlined how the XRP Ledger could respond if a state-level attack targeted validators, node operators or core network infrastructure. Summary David Schwartz said XRPL could adapt if state pressure targeted validators or network operators. The plan points to Tor, I2P and reserve nodes as possible tools during extreme attacks. The debate follows recent XRPL upgrade, validator and decentralization discussions across the ecosystem. Schwartz made the comments during a discussion about whether a blockchain can survive pressure from an authoritarian state. The question focused on what would happen if authorities started raiding nodes or forcing operators offline. I don’t think that would be very effective unless they could make it so that nobody was brave enough to run a validator. Operators would just be replaced. Validators could become anonymou
The post Gravity Bridge Hit by $5.4M Exploit as Bitcoin ETFs Bleed $2.97B Amid Peak Sentiment appeared on BitcoinEthereumNews.com.
Crypto News Gravity Bridge, a cross-chain protocol moving assets between Ethereum and the Cosmos ecosystem, was drained of roughly $5.4 million in a fresh exploit that has forced validators to suspend operations. On-chain analysts spotted suspicious outflows late Saturday, with early forensic work pointing to a likely compromise of the bridge’s contract key. The team behind the protocol confirmed the incident on social media and instructed validators to halt their orchestrators while the breach is being investigated. The episode renews unease over cross-chain infrastructure security, an area that institutional researchers have repeatedly flagged as one of the weakest links in decentralized finance. Forensic firms tracking the breach broke down the stolen haul into roughly $4.3 million in USDC, 274 wrapped ETH worth about $553,000, $434,000 in Tether, and 14
The post Gravity Bridge Hit by $5.4M Cross-Chain Security Breach appeared on BitcoinEthereumNews.com.
Gravity Bridge suffered a $5.4M loss after suspected key breach, security firms reported. Attackers quickly moved funds via exchanges, yet over $4M in ETH remains in their wallet. Cross-chain bridge hacks persist, adding to $328.6M losses across eight incidents in 2026. Gravity Bridge has lost about $5.4 million after a suspected compromise of a signing key, according to security firm PeckShieldAlert. The attack hit the cross-chain bridge that connects Ethereum and the Cosmos ecosystem, allowing the attacker to drain several digital assets and quickly move part of the funds. In a post on X, PeckShieldAlert said the stolen assets included $4.3 million in USDC, 274 ETH worth about $553,000, $434,000 in USDT, and roughly $64,000 in PAYG tokens. The attacker routed some of the funds through ChangeNow and Binance shortly after the theft. However, on-chain data shows the wallet still holds m
The post Lummis Warns China Could Eclipse US on CLARITY Stall as $1B Iran Crypto Seized, Gravity Bridge Loses $5.4M appeared on BitcoinEthereumNews.com.
Crypto News Wyoming Senator Cynthia Lummis has issued a stark warning that the United States risks ceding global leadership in digital assets to China and other rivals if Congress fails to enact the Digital Asset Market Clarity Act before the legislative window closes. Lummis argued that a comprehensive market structure framework is essential to ensure foreign jurisdictions do not dictate the rules of the next financial era, drawing a direct line from the dollar’s century of dominance to the coming era of tokenized finance. The Senate Banking Committee advanced the legislation in May after months of delay, yet ratification before the midterm cycle remains uncertain as competing interests inside Washington continue to pressure the text. JPMorgan chief executive Jamie Dimon publicly committed the banking lobby to opposing the current dra
