Cosmos EVM Precompile Flaw Hit TAC Network; 2.985B TAC Moved in Exploit

AI Market Summary

TAC reported an exploit of a Cosmos EVM precompile vulnerability that enabled an attacker to transfer 2,985,651,403 TAC from a single account, prompting an emergency chain halt at block 24,671,475. The incident is negative for TAC's liquidity and counterparty confidence and may elevate perceived technical and operational risk across Cosmos EVM implementations until remediation details are verified.

Impact level

● High

Affected assets

TAC/USDT+9.29%

AI Insight · TAC/USDTAI Insight

▼ Bearish

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TAC said in a post on X that an attacker exploited a vulnerability in the Cosmos EVM precompile layer on Aug. 22, transferring 2,985,651,403 TAC out of a single account on the TAC network. The team later halted the chain at block height 24,671,475 as a safeguard against additional attacks.

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