Neutral
Cosmos Hub recovers $2.2M in ATOM after 25-hour halt due to Neutron attack.
Over the past 24 hours, Cosmos Hub resumed operations after a 25-hour pause triggered by a governance attack on Neutron. Validators transferred approximately 1.227 million ATOM (about $2.2 million) from an attacker-linked address to a recovery address. However, 169,000 ATOM escaped and were sold on Osmosis for USDC and Ethereum.
Key points
- Cosmos Hub validators paused block production for nearly 25 hours following a Neutron governance attack.
- After resuming operations, validators transferred 1.227 million ATOM from an attacker-linked address to a recovery address.
- Approximately 169,000 ATOM escaped and were sold on Osmosis for USDC and Ethereum.
Sources
AI-generated from public news sources. Not financial advice.
