Cosmos Labs Urges EVM Chains To Halt As Shared Bug Drains Three Networks

Crypto Insight Summary: The recommendation came six days after the patch shipped without a security advisory. KiiChain, one of three chains drained, says the sequence cost it 148 million tokens and that two of the three underlying defects remain unfixed upstream. Crypto Insight Analysis: Direction: Bearish ATOM / Bearish KII Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Security breach affecting multiple EVM chains undermines trust in Cosmos ecosystem.