Other-News
By Sydney TheCMO
1 / 15
The Disclosure Fight at the Center of This. The technical bug itself is almost secondary now. What's really driving the anger is the process —…
2 / 15
A Pattern That's Hard to Ignore. And it's not the first time. Earlier this year, in January, Saga EVM lost around $7 million in a…
3 / 15
A silent patch. A public disclosure. And then $16.5 million gone.
4 / 15
Cosmos Labs is taking serious heat after a bug in its Cosmos EVM module hit four blockchains — MANTRA, TAC, KiiChain, and Nesa — and the way the developer handled the whole…
5 / 15
MANTRA and Nesa moved fast. They preemptively stopped their chains, and user funds came out untouched.
6 / 15
KiiChain and TAC weren't so lucky. On August 22, KiiChain got hit hard — nearly 150 million KII tokens stolen, valued at over $9 million at the time.
7 / 15
TAC lost even more tokens by volume. Three billion TAC tokens were drained from its staking contract, worth roughly $7.5 million.
8 / 15
Cosmos Labs didn't post a public warning through its official channels before the patch went live.
9 / 15
Related: BitMines Ethereum Holdings Surge to 5.8 Million ETH After Major Acquisition
10 / 15
MANTRA and Nesa's ability to halt preemptively suggests someone got the message in time — or at least reacted fast enough on their own.
11 / 15
The broader debate here isn't new in crypto security circles. Responsible disclosure — the practice of privately warning affected parties before going public with a vulnerability…
12 / 15
And it's not the first time. Earlier this year, in January, Saga EVM lost around $7 million in a similar exploit targeting the Cosmos EVM module.
13 / 15
The January Saga incident should have been a loud signal that the Cosmos EVM module needed serious attention and probably a rethink of how patches get communicated to the…
14 / 15
Networks using the Cosmos EVM module are probably asking hard questions right now about their own exposure.
15 / 15
Related: Traders Bet $2.9 Million on Bitcoin Surging Past $82,000 Amid Bullish Sentiment
The Currency Analytics
Want the full story?