security
Cosmos Labs Urges EVM Chains To Halt As Shared Bug Drains Three Networks
Cosmos Labs has recommended that all public blockchains using certain versions of its Cosmos EVM module immediately halt operations and upgrade to patched versions following a shared security bug. One affected chain, KiiChain, reports a significant token drain, with two underlying issues still unresolved.
AS1 NewsSource: thedefiant.io
ATOMCosmos Labs issued a security advisory on Tuesday, urging blockchain teams running versions of its Cosmos EVM module below v0.6.2 or v0.7.2 to immediately halt their networks and implement the necessary patches. The recommendation came after a shared bug was exploited, leading to the drain of tokens from three networks. KiiChain, one of the impacted chains, disclosed that it lost approximately 148 million tokens due to the exploit. The incident highlights that two of the three underlying vulnerabilities remain unpatched upstream, raising concerns about ongoing security risks within the ecosystem.
The shared bug has led to token drains across multiple networks, with ongoing risks due to unresolved underlying vulnerabilities.