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Namada Was Attacked; Over 220,000 ATOM Were Transferred to a Cosmos Hub Address and Then Withdrawn
Svmuu News: Namada, a privacy-focused public blockchain project, has officially announced that its protocol has suffered a vulnerability attack. The team is currently investigating the incident and has contacted relevant parties for assistance. The project stated that if the individual behind this attack is a white-hat hacker, they hope the person will proactively contact the team so they can better understand the vulnerability and work toward resolving the issue. On-chain data shows that some ATOM assets related to the incident were allegedly transferred via IBC (Inter-Blockchain Communication) to a Cosmos Hub network address, According to on-chain tracking information, the address received approximately 228,517 ATOM on June 18. The funds were subsequently drained within a few hours through IBC transfers and multiple outgoing transactions; currently, only a small balance remains in the address. As of now, Namada has not disclosed the type of vulnerability, the attack method, or the specific scale of losses, and the investigation is still ongoing.
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