According to ME News, on August 30 (UTC+8), Cosmos Labs released an analysis report on the security incident involving the EVM module. Between August 20 and August 25, attackers exploited a vulnerability in Cosmos EVM to steal funds from multiple Cosmos chains. After MANTRA issued the first alert, the Cosmos security team coordinated with approximately 40 chains to assess risks and implement mitigation measures. A total of six networks were compromised; approximately $2.87 million in assets were bridged and sold on DEXs, while another $2.85 million were sold on CEXs. The CEX accounts used by the attackers have been frozen, and investigations are ongoing. Additionally, 13 other networks with potential risks were promptly patched, halted, or otherwise secured, preventing further losses. The vulnerability had been reported through a bug bounty program as early as April 25. (Source: ODAILY)
Cosmos Labs Reports $5.72M Loss from EVM Module Exploit Across 6 Chains
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Summary
Cosmos Labs disclosed a $5.72 million loss from an EVM module exploit affecting six chains, according to MetaEra. The breach occurred between August 20 and 25, with attackers siphoning funds before the altcoins to watch were impacted. MANTRA raised the alarm, and the team collaborated with 40 chains to contain the damage. $2.87 million was sold via DEX, and $2.85 million via CEX, with CEX accounts now frozen. Thirteen other chains avoided losses through timely action. The vulnerability was reported in April via a bug bounty program. Market reactions may reflect shifts in the Fear & Greed Index.
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