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Crypto DeFi

Cosmos Hub Voters Veto Proposal to Refund Neutron Attacker 1.2M ATOM

Cosmos Hub voters are rejecting a proposal titled “ATOM Refund & Justice Bounty” that would have paid 1.72 million ATOM from the Hub’s community pool, including 1.2 million ATOM to the Neutron attacker and 500,000 ATOM to voters who backed the measure. The vote is trending toward a veto.

Original source

AI take

The rejection carries weight less as a verdict on the attacker than as a line drawn around the community pool: governance is signalling that treasury funds won't be used to compensate or incentivize an exploit, even framed as a bounty. It also tests the veto mechanism itself, which in Cosmos carries a deposit-burn consequence, so the cost of a failed proposal falls on its backers rather than the Hub. The open question is whether this hardens into a norm against bounty-style refunds in future governance, or remains a one-off reaction to an unusually brazen request.

Generated by AI for reference only.

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