Cosmos Loses $6 Million to Hackers
Cosmos Labs misjudged a vulnerability for four months, leading to nearly $6 million stolen across six networks, including MANTRA, after attackers exploited accounting flaws. #Breaking #Crypto $MNT (-8) ↘
cosmos
Cosmos Gravity Bridge Halts After $5.4M Exploit
@GravityBridge halted operations after an exploit drained approximately $5.4 million, including $4.3 million in USDC and 274 WETH. The incident is under investigation. #Breaking #Crypto $USDC (-8) ↘
Colombia Launches CBDC Pilot on Cosmos
Colombian government to pilot a CBDC on @Cosmos with a focus on cross-border payments, as announced by Maghnus Mareneck, co-CEO of Interchain Labs. #Update #Crypto (+3) ↗
Ethereum Rival Surges 40% Post Binance Listing
@Binance lists Initia ($INIT), causing a 40.95% price surge to $0.88, highlighting its appchain development focus. #Update #Crypto $INIT (+6) ↗
Binance Launchpool Welcomes Ethereum Rival Initia
@Binance adds Initia (INIT), a new layer-1 Ethereum rival, to its launchpool, enhancing appchain development with its Interwoven Stack. #Update #Crypto $INIT (+4) ↗
Cryptocurrency Innovations Transforming Digital Ecosystems
Ethereum leads in development activity, while Solana and Cosmos see contributor growth. Rollux tops monthly dev activity rise at +246.9%. #Update #Crypto $ETH (+3) ↗
Cosmos Welcomes RWAs with New L1
CryptoSlate: @OndoFinance unveils Ondo Chain, a Layer 1 blockchain for institutional-grade RWAs, at the Ondo Summit in New York, enhancing the Cosmos ecosystem’s RWA capabilities. #Update #Crypto (+6) ↗
Bitcoin ZK Tech Enhanced by Cosmos Bridge
Babylon Labs partners with Bitcoin developers Fiamma to build a trust-minimized Bitcoin bridge using BitVM2, enhancing BTC interoperability with Cosmos and paving the way for zero-knowledge technology. #Update #Crypto $BTC (+6) ↗
Osmosis Envisions Cosmos as Bitcoin’s DeFi Layer
Sunny Aggarwal (@sunnyaggro) discusses building Bitcoin’s application layer through @cosmos in @SlateCast episode. Osmosis governance voted Axelar ETH as the canonical ETH to address liquidity issues and enhance user experience. #DeFi #Update
Cosmos Network: Recent Outage Insights and Analysis
Cosmos Hub experienced a 4-hour outage due to a bug in the v17 upgrade, affecting Liquid Staking Module security. Developers swiftly resolved the issue, restoring operations by 12:30 AM GMT. $ATOM token remained stable at $8.65. #Update #Blockchain
Cosmos Network Outage: Impact and Recovery Insight
Cosmos Hub faced a 4-hour outage on June 5 due to a bug in the v17 upgrade. Despite the glitch, $ATOM stayed stable at $8.65, highlighting network resilience. #Blockchain #CryptoNews