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Crypto DeFi

Cosmos Hub Restarts After 24-Hour Halt; 1.23M ATOM Moved From Neutron Attacker Wallet

The Cosmos Hub produced no blocks for 24 hours and 48 minutes before restarting, and 1.23 million ATOM has since been moved from the Neutron attacker’s wallet. The attacker bought voting power for 20,199 USDC and staked it 12 minutes before an expedited Neutron proposal closed.

Original source

AI take

The 24-hour halt is the more consequential fact: a hub that positions itself as the security layer for interconnected chains stopped finalizing, which undermines that pitch regardless of how the restart was handled. The movement of 1.23 million ATOM from the attacker's wallet also matters, because it suggests the response is now partly a custody and tracing problem rather than only a governance one. The open question is whether the attacker's cheaply acquired voting power and the expedited proposal process prompt any rethinking of how fast governance moves relative to stake acquisition.

Generated by AI for reference only.

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