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.
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