Cosmos Hub Resumes Operations After Governance Attack

Cosmos Hub has resumed operations after a nearly 25-hour halt due to a governance attack on the Neutron protocol. The incident, which lasted from [no specific time mentioned in the source], resulted in validators transferring approximately 1.23 million ATOM from the attacker's address and beginning the process of returning tokens to rightful holders.

The network restart has brought back user access and reduced operational uncertainty, likely supporting renewed demand for ATOM. Traders Union notes that the asset is trading at $1.824, up 7.55% on the day and holding close to its daily high.

ATOM/USD is positioned above key moving averages, with momentum indicators remaining largely bullish. However, overbought signals temper the trend, suggesting a potential for sideways consolidation or a test of range highs if momentum continues.