TREE NEWS update: TAC suffered an attack exploiting a vulnerability in its Cosmos EVM precompile layer, resulting in the transfer of approximately 2.99 billion TAC tokens. The incident highlights security risks in cross-chain infrastructure. Details on impact and remediation are awaited.
TAC Hack: ~2.99B TAC Tokens Moved via Cosmos EVM Precompile Flaw
AI take
The exploit targets the Cosmos EVM precompile layer, the bridge between Cosmos SDK chains and Ethereum-style contracts, making this a cross-chain infrastructure failure rather than a token-specific bug. That distinction matters because precompile vulnerabilities can affect any project relying on similar Cosmos-EVM interoperability, not just TAC. With remediation and impact details still unconfirmed, whether the affected tokens can be frozen, burned, or recovered — and whether the flaw exists in shared code — is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
2h ago
Aave Halts New tBTC Deposits and Borrowing After Threshold Maintenance Update
2h ago
Crypto Exchanges Tighten Security After $6.3B Binance Theft
2h ago
Binance in Talks for Malaysia License After Five-Year Absence
2h ago
Ethereum Draft EIP Proposes Permanent Opt-Out of EIP-7702 Delegation
2h ago
xAI’s Grok Adds UnionPay and Alipay Payment Support in Mainland China
3h ago
Rates Exchange Raises Coinbase Ventures Investment for On-Chain Rate Trading