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$5.7M stolen via Cosmos EVM bug exploited across six chains in August 2026

Market News
30 Aug 2026
Crypto Daily
View Source
Bearish
pluang ai news

A critical vulnerability in Cosmos EVM was reported in April 2026 but initially deemed safe for production. The flaw, an unchecked balance underflow, was silently patched in May but only backported to key release branches hours before attackers exploited it between August 20-25, moving about $5.7 million through decentralized and centralized exchanges. The exploit allowed unauthorized fund transfers without admin access, exposing a gap in vulnerability response and upgrade coordination. Cosmos Labs and affected chains now face scrutiny over the delayed patch rollout and narrow upgrade window.

More News

Sberbank plans to accept Bitcoin, Ethereum, and USDT as loan collateral after regulatory approval.

Sberbank plans to accept Bitcoin, Ethereum, and USDT as loan collateral after regulatory approval.

Sberbank announced plans to expand its crypto-backed lending by accepting Bitcoin, Ethereum, and Tether's USDT as collateral, pending approval from the Bank of Russia. This move aligns with Russia's new crypto market framework effective September 1, ...

Market News
Bullish
4 hours ago
Ripple's bid for a federally regulated trust bank gains momentum as OCC eases national charter process for crypto firms.

Ripple's bid for a federally regulated trust bank gains momentum as OCC eases national charter process for crypto firms.

Ripple is advancing its application to establish a federally regulated national trust bank, benefiting from the U.S. Office of the Comptroller of the Currency's (OCC) recent efforts to simplify the national charter process for new banks, including di...

Market News
Bullish
4 hours ago
XRP Ledger aims to be quantum-resistant by 2028, boosting security and institutional interest ahead of Q4 cycle.

XRP Ledger aims to be quantum-resistant by 2028, boosting security and institutional interest ahead of Q4 cycle.

Ripple is advancing the XRP Ledger (XRPL) to be fully quantum-resistant by 2028, positioning it ahead of the anticipated quantum computing era in the 2030s. This upgrade enhances blockchain security and supports growing liquidity, with XRPL's stablec...

Protocol Fundamentals
Bullish
4 hours ago
NVIDIA's AI-driven growth could unlock $12T value, supporting bullish long-term outlook despite high current valuation.

NVIDIA's AI-driven growth could unlock $12T value, supporting bullish long-term outlook despite high current valuation.

NVIDIA remains a compelling investment at a $5 trillion market cap due to its pivotal role in AI infrastructure, which is expected to drive transformative value across sectors like finance, accounting, and legal. The AI-driven automation in these fie...

Analyst Insights
Bullish
4 hours ago
Bitcoin wallets dormant since 2011 move coins, showing gains over 500,000% after 15 years

Bitcoin wallets dormant since 2011 move coins, showing gains over 500,000% after 15 years

Several Bitcoin wallets holding coins untouched since 2011 have recently moved their BTC, revealing massive gains of over 500,000%. For example, a wallet that received 10 BTC in June 2011 moved them in August 2026, realizing a gain of approximately 5...

Market News
Bullish
4 hours ago
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