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Morning Edition · Wednesday, September 23, 2026Published at 7:09 AM EDT · New York
A Shared Cosmos Defect Drained Four Networks, With Nesa Losing About $50 Million
An attacker bridged 257.7 million NES tokens to Ethereum in an incident consistent with the same upstream bug that hit TAC, KiiChain and MANTRA, while a separate flaw at Nomic minted unbacked bitcoin claims.
A sequence of exploits across small Cosmos-based networks traces back to shared code rather than to separate attacker research. Rekt News reports that an attacker bridged 257.7 million NES tokens, roughly $50 million at the time, from Nesa…
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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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