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TAC Probes Exploit on Cosmos-Based EVM Sidechain, Temporarily Pauses Chain

AI Market Summary
TAC reported an active vulnerability exploit against its Cosmos-based EVM sidechain and coordinated with validators to temporarily halt chain operations. While the team says the incident affects only TAC token supply, the pause disrupts network activity and elevates counterparty and settlement risk for users and on-chain applications. Near-term sentiment is negative as markets price uncertainty around exploit scope, remediation, and restart timelines.
Impact level
● Medium
Affected assets
TAC/USDT-34.35%
AI Insight · TAC/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ME News reported that TAC said on Aug. 23 (UTC+8) it is investigating a vulnerability exploit affecting its Cosmos-based EVM sidechain. TAC stated the incident impacted only the TAC token supply. The team is working with TAC validators to temporarily halt chain operations and said it will release updates on the investigation, along with a recovery plan for resuming the network. TAC urged users to follow only official channels for the latest information. Source: Foresight News.
Selected
TAC
TAC-36.28%
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