Odaily Planet Daily report: The privacy-focused public blockchain project Namada stated that its protocol was targeted by a vulnerability exploit; the team is currently investigating and has contacted relevant parties for assistance.
The official statement says that if the actors behind this attack are white-hat hackers, they are encouraged to reach out to the team directly to help better understand the vulnerability and accelerate its resolution.
On-chain data shows that a portion of the ATOM assets related to the incident appear to have been transferred via IBC (Inter-Blockchain Communication protocol) to a Cosmos Hub network address. According to on-chain tracking, this address received approximately 228,517 ATOM on June 18, and the funds were subsequently emptied within hours through IBC transfers and multiple outgoing transactions; the address now holds only a minimal balance.
As of now, Namada has not disclosed the type of vulnerability, the method of attack, or the specific scale of losses; the investigation is still ongoing.