Cosmos Hub Seizes $2.2M Stolen ATOM, But 169K Tokens Still Slip Away

The Cosmos Hub network was restarted on September 23 after a nearly day-long halt to seize $2.2 million in stolen ATOM tokens, but approximately 169,000 tokens still managed to escape.

The restart was triggered by the movement of funds stolen from Neutron onto the Cosmos Hub, exacerbating the fallout from an attack that began on a separate blockchain within the Cosmos ecosystem.

According to Spaydh, a former Neutron contributor, the attack started after an attacker accumulated enough NTRN voting power to pass an expedited governance proposal that reassigned administrative rights over 11 smart contracts.