ChainCatcher report: Namada, a privacy-focused public blockchain, has officially announced a vulnerability incident. The team is currently investigating the issue and has contacted relevant parties to coordinate a response. If the actor behind this attack is a white-hat hacker, we kindly request that they reach out to the team directly to help us better understand the vulnerability and accelerate resolution. On-chain data shows that a portion of the affected ATOM assets appears to have been transferred via IBC (Inter-Blockchain Communication protocol) to an address on the Cosmos Hub network. Approximately 228,517 ATOM from this address were subsequently emptied within hours through IBC transfers and multiple outgoing transactions; the address now holds only a minimal remaining balance.
Privacy blockchain Namada suffers hack; 228,517 ATOM stolen
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Summary
Blockchain news outlet ChainCatcher reported that the privacy-focused blockchain Namada suffered a security breach. The team is investigating and coordinating with relevant parties. On-chain data shows that 228,517 ATOM tokens were transferred via IBC to a Cosmos Hub address and swiftly drained. A blockchain upgrade is being considered to address the vulnerability.
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