BTC $82,890.92 -0.66%
ETH $2,657.56 +0.01%
BNB $755.92 -2.02%
XRP $1.48 -1.44%
SOL $117.05 -2.53%
TRX $0.3341 +0.25%
DOGE $0.0922 -2.72%
ADA $0.2405 -5.06%
BCH $303.74 -3.47%
LINK $14.93 +6.32%
HYPE $86.26 -4.13%
AAVE $146.69 -2.93%
SUI $1.10 -11.27%
XLM $0.2246 +4.97%
ZEC $1,375.97 -12.39%
AAPL $337.64 -0.73%
AMZN $246.07 -1.05%
GOOGL $342.00 -0.05%
MSFT $507.93 -1.68%
META $715.96 -2.50%
NVDA $228.53 +2.04%
TSLA $357.10 -3.52%
SNDK $1,700.09 -1.98%
INTC $114.33 -4.21%
SPCX $145.85 -2.20%
MU $1,050.54 -1.56%
AMD $605.91 -2.06%
BTC $82,890.92 -0.66%
ETH $2,657.56 +0.01%
BNB $755.92 -2.02%
XRP $1.48 -1.44%
SOL $117.05 -2.53%
TRX $0.3341 +0.25%
DOGE $0.0922 -2.72%
ADA $0.2405 -5.06%
BCH $303.74 -3.47%
LINK $14.93 +6.32%
HYPE $86.26 -4.13%
AAVE $146.69 -2.93%
SUI $1.10 -11.27%
XLM $0.2246 +4.97%
ZEC $1,375.97 -12.39%
AAPL $337.64 -0.73%
AMZN $246.07 -1.05%
GOOGL $342.00 -0.05%
MSFT $507.93 -1.68%
META $715.96 -2.50%
NVDA $228.53 +2.04%
TSLA $357.10 -3.52%
SNDK $1,700.09 -1.98%
INTC $114.33 -4.21%
SPCX $145.85 -2.20%
MU $1,050.54 -1.56%
AMD $605.91 -2.06%

hub

All
Article
Flash

Cosmos Hub: 1.227 million ATOM has been recovered from the Neutron attack case, with funds temporarily stored at a 4/6 multi-signature address

Cosmos Labs disclosed that on September 22, Neutron encountered a governance attack that led to the theft of liquidity from protocols such as Astroport, with approximately 1.73 million ATOM subsequently transferred by the attacker to Cosmos Hub. The Cosmos Hub itself was not attacked, and user funds were not affected. To prevent the stolen ATOM from being transferred out, Hub validators temporarily paused the network for about 24.5 hours and resumed block production on September 23 based on the patched Gaia v28.3.0.Cosmos Labs stated that during the pause, 1.227 million ATOM remained in the attacker's Hub address. When the network was restored, these were transferred to a 4/6 multi-signature address composed of Nansen, Keplr, Enigma, Silknodes, Kiln, and Polkachu through a one-time change. Previously, about 500,000 ATOM had been exchanged for ETH via THORChain and could not be recovered; another 169,000 ATOM entered the attacker's address after the network was restored due to THORChain refunds and were sold after being transferred to Osmosis. The current multi-signature address holds approximately 1.227 million ATOM, which can only be returned after authorization from a Cosmos Hub governance proposal. The related funds will not be staked, lent, or traded. The Neutron team expects to submit a recovery plan and related governance proposals next week.

first_img Aave Labs proposed to deploy V4 isolated Hub for accessing custodial collateral

On September 14, Aave Labs released an ARFC on the Aave governance forum, seeking approval to deploy a new Aave V4 Isolated Hub and Spoke to integrate institutional custody collateral as collateral for stablecoin loans. Institutional borrowers will deposit collateral with Anchorage and maintain custody during the loan period, with the custody balance represented on-chain by non-transferable custody collateral tokens CoCT, minted and burned by CustodySync designed by Chainlink.Borrowers will stake CoCT on the Spoke and withdraw stablecoins from the Isolated Hub. The entire loan lifecycle, including liquidation, is synchronized between the custodian and Aave through Chainlink infrastructure. The proposal is limited to a single Isolated Hub and a single Spoke governed by the Aave DAO, without altering existing Hubs, Spokes, or reserves. The underlying assets will always remain in custody, with Anchorage holding the assets as the custodian and acting as the counterparty for account control protocols; Chainlink does not hold the assets.CoCT is a restricted transfer ERC-20, only allowing Hub, Spoke, and CustodySync, with minting and burning exclusive to CustodySync, and each borrower's position corresponding to a contract. The initial plan is to launch a CoCT for BTC held in custody by Anchorage. The next steps involve ARFC discussions, and if supported, it will proceed to Snapshot, followed by submitting the final parameters for AIP.
app_icon
ChainCatcher Building the Web3 world with innovations.