Privacy Public Chain Namada Hit by Exploit, 228,000 ATOM Transferred Out via Cross-Chain

CoinFeed June 20 news, the privacy public chain project Namada officially issued an announcement confirming that a protocol exploit incident occurred. The project team has initiated a comprehensive investigation and is coordinating with multiple security agencies for joint handling. The official statement said that if the operator of this incident is a white-hat hacker, they are welcome to proactively contact the project team to cooperate in disclosing vulnerability details and jointly complete vulnerability repair and risk mitigation. On-chain monitoring data shows that the ATOM assets related to this attack were transferred via the IBC cross-chain channel to an address on Cosmos Hub. This address received 228,517 ATOM on June 18, and the funds were completely transferred out through multiple IBC transfer operations within a few hours, leaving only a small balance in the current wallet.