Cosmos Exploit Drains $50M from NES for Meager Gain

A recent investigation by @bubblemaps has revealed a sophisticated balance exploit on the Cosmos network that resulted in a $50M theft from NES. The attackers managed to gain only $60,000 in realized gains, according to the report posted August 26, 2026.

The price action on the 4h chart shows NES trading at $0.13, within the Bollinger bands, with an upper resistance at $0.22 and lower support at $0.09. The EMA50 and EMA200 serve as firm overhead resistance for NES, while the MACD death cross confirms sustained bearish momentum.

The Relative Strength Index (RSI) of 32.46 indicates room for further downside before any potential relief bounce. This news may have implications for investors and traders holding NES on the Cosmos network.