Gravity Bridge Halts Operations After $5.4M Exploit
- Bridge Operations Halted: Gravity Bridge suspended all transfers between Ethereum and the Cosmos ecosystem after detecting an unauthorized outflow of approximately $5.4 million, leaving users with temporarily inaccessible assets.
- Suspected Security Vulnerability: Early reports suggest the incident may be linked to a signing key vulnerability, where attackers could authorize fraudulent withdrawals by bypassing signer thresholds or compromising private keys, highlighting significant security risks in cross-chain bridges.
- User Guidance: Affected users should monitor official Gravity Bridge communication channels for updates on the investigation and asset recovery plans, while refraining from initiating new bridge transactions until operations are formally restored.
- Wider Industry Implications: This incident raises renewed concerns about bridge security, particularly in decentralized finance, as key management weaknesses and validator trust assumptions continue to be primary targets for attacks.
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Technical Analysis for G
Technical Sentiment Analysis for Gravity (G). As of , Gravity (G) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for G stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, G is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gravity (G) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00156 | 0.00208 | 0.00257 | 0.00309 | 0.00358 | 0.0041 | 0.00459 |
| Fibonacci | 0.00208 | 0.00246 | 0.0027 | 0.00309 | 0.00347 | 0.00371 | 0.0041 |
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