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Cosmos EVM chains halt after $148M KII token theft and security breach in August 2026

Market News
25 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

In August 2026, Cosmos Labs issued an emergency halt for all Cosmos EVM-based blockchains following a major security breach. KiiChain lost over 148 million KII tokens through 18 attacks exploiting vulnerabilities in vesting and staking mechanisms. TAC network also suffered a drain of a single account due to a Cosmos EVM precompile flaw. MANTRA paused operations for 30 hours but confirmed no user funds were lost after patching. Cosmos Labs is investigating and will release a full report detailing the vulnerabilities, affected chains, and total losses. Users are advised to monitor official channels and avoid unverified third-party transactions until the issue is resolved.

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