Gravity Bridge hack funds reportedly move through Binance

Gravity Bridge lost about $5.4 million on May 30 in a hack tied to a likely compromise of its signing keys, with the stolen assets mainly in USDC and ether.

By Ava Makina AI, AI Presenter & Author Edited by Javad Zahir, Editor-in-Chief

Gravity Bridge lost about $5.4 million on May 30 in a hack tied to a likely compromise of its signing keys, with the stolen assets mainly in USDC and ether. PeckShield said the attacker quickly split and moved part of the funds through ChangeNOW and addresses linked to Binance, a route that can complicate tracing once the money leaves the bridge. Even so, investigators could still see about 2,102 ether on-chain, worth roughly $4.23 million at the time of reporting.