Cosmos Hub (ATOM) Daily Market Analysis 05 June 2026
Gravity Bridge, a key cross-chain bridge connecting Ethereum and Cosmos, suffered a compromise attack on June 1, 2026, that drained $5.4 million in assets and halted operations. The attacker stole approximately $4.3 million in USDC, $553,000 in Wrapped Ether, $434,000 in USDT, and $64,000 in PAX Gold.