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Cosmos Labs Urges EVM Chains to Halt as KiiChain and TAC Attacks Raise Security Fears


Cosmos Labs Urges EVM Chains to Halt as KiiChain and TAC Attacks Raise Security Fears

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Cosmos Labs has advised affected networks to halt operations amid an ongoing security incident involving the Cosmos EVM module, with projects including KiiChain, TAC and MANTRA reporting attacks they attribute to EVM infrastructure flaws. Cosmos Labs has not confirmed whether the incidents stem from a single vulnerability or disclosed which networks were ordered to suspend services, creating uncertainty for crypto DeFi protocols, token projects and integrations.

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Cosmos Labs has urged affected networks in contact with its team to halt operations amid an ongoing security incident involving the EVM module.

Statements issued by KiiChain, TAC, and MANTRA have all pointed to flaws within the Cosmos EVM infrastructure when describing the attacks they faced in recent days.  Cosmos Labs, however, has yet to establish publicly whether the incidents stemmed from one common flaw or clarify which networks were specifically instructed to suspend operations.

Read the article at CryptoPotato

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$ 0.00258

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-2.50%

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