Cosmos Requests Validators to Halt Chains After EVM Breach Causes $148.3M in Losses

Cosmos, a blockchain platform, has requested validators to 'halt their chains' after an Ethereum Virtual Machine (EVM) breach resulted in losses of 148.3 million KII tokens.

The incident forced affected networks to prioritize containment as investigators assessed the underlying issue.

Cosmos Labs urged validators on affected EVM chains to halt operations, restricting activity while security teams assessed the vulnerability.

KiiChain suffered the most impact, losing 148.3 million KII across 18 different attacks before validators halted the network.