Privacy Blockchain Namada Hit by Exploit, 228,517 ATOM Transferred Out and Cleared

ATOM-0.50%
According to ChainCatcher, privacy blockchain Namada announced a vulnerability incident and is investigating the matter. On-chain data shows that approximately 228,517 ATOM tokens allegedly related to the incident were transferred to a Cosmos Hub address via IBC (Inter-Blockchain Communication protocol), then cleared through multiple transfers within hours. The address now retains minimal balance. The team is investigating and has called for white-hat hackers to contact them voluntarily.
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