🚨 Cosmos Hub Validators Intercept 1.23 Million Stolen ATOM
Cosmos Hub validators successfully secured 1,227,121 ATOM stolen during a Sept. 22 governance attack on the Neutron network. The attacker had moved roughly 1.73 million ATOM to the Hub before validators intervened to freeze the assets.
To stop the thief, validators representing over 67% of voting power halted the blockchain and applied an emergency software patch, v28.3.0. This one-time state change diverted the funds from the attacker’s address to a secure recovery multisig wallet before transactions resumed.
The intercepted funds are currently held by six signers, including Nansen, Keplr, and Polkachu. However, the signers have stated they will not release the assets to affected users or protocols until a separate Cosmos Hub governance signaling proposal is officially passed.
#Cosmos #ATOM #Neutron #CryptoHack
Cosmos Hub validators successfully secured 1,227,121 ATOM stolen during a Sept. 22 governance attack on the Neutron network. The attacker had moved roughly 1.73 million ATOM to the Hub before validators intervened to freeze the assets.
To stop the thief, validators representing over 67% of voting power halted the blockchain and applied an emergency software patch, v28.3.0. This one-time state change diverted the funds from the attacker’s address to a secure recovery multisig wallet before transactions resumed.
The intercepted funds are currently held by six signers, including Nansen, Keplr, and Polkachu. However, the signers have stated they will not release the assets to affected users or protocols until a separate Cosmos Hub governance signaling proposal is officially passed.
#Cosmos #ATOM #Neutron #CryptoHack