Cosmos Labs Advises ATOM Ecosystem Chain Halts After 148.33M KII Exploit

Cosmos Labs advised Cosmos EVM chains to halt validators following a security exploit on KiiChain that resulted in the loss of 148.33 million KII tokens. In response, TAC and MANTRA also paused their networks as a precautionary measure. The incident highlights vulnerabilities within the Cosmos ecosystem and prompted coordinated action to mitigate further damage and assess the breach.