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Morning Edition · Tuesday, September 8, 2026Published at 1:45 AM EDT · New York
One Cosmos Software Defect Now Accounts for Three Chain Drains as Exploit Reproductions Pile Up
KiiChain lost about 9.7 million dollars and TAC about 7.5 million dollars through the same Cosmos EVM underflow bug that hit MANTRA, while Term Labs lost 8.5 million dollars to an attacker who simply bought the votes.
Rekt News has now written up KiiChain, TAC and MANTRA, three networks drained through the same underflow defect in the shared Cosmos EVM codebase. KiiChain said an attacker took 148,326,583 KII across 18 separate attacks on August 22, worth…
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Unaudited Open-Source Crypto Code Surfaces at Scale
Coordinated volunteer and AI-assisted review keeps exposing large backlogs of undiscovered defects in the open-source libraries that wallets, nodes and protocols depend on, so disclosure waves — not novel attacker research — become a recurring driver of emergency patches and incident risk across the ecosystem.
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