TAC Token Rebounds 53% After Chain Halt Due to Shared Vulnerability Exploit

TAC Protocol's token has bounced back by about 53% after an attacker exploited a shared vulnerability in the Cosmos EVM precompile layer, forcing the chain to halt.

The attack occurred two days after the team noticed and flagged the issue via the protocol's X account. The hacker gained access through a gap and emptied a single account before the network was stopped at block 24,671,475.

TAC attributed the flaw to a shared vulnerability rather than its own codebase. As a result, several chains that run the same Cosmos EVM precompile layer are affected, not just TAC holders.

The token's recovery is significant, but it still sits near record lows. Before the attack, CoinMarketCap logged TAC's all-time low at $0.001129 as of August 22, and since then, the token has recovered about 53% of that plunge.