TAC attacked due to a vulnerability in the Cosmos EVM precompiled layer: approximately 2.986 billion TAC were transferred

TAC posted on platform X that an attacker exploited a vulnerability in the Cosmos EVM precompiled layer to transfer 2,985,651,403 TAC from a single account on the TAC network.

The project team subsequently paused the network at block height 24,671,475 to prevent the attack from continuing.