1 month ago
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Key Takeaways
- The attack moved existing TAC rather than creating new supply.
- Bridge monitoring stayed satisfied because every mirrored token was backed.
- TAC’s recovery plan proposes restoring staking balances through a state edit.
- BNB Chain holders should not trade while their treatment remains unresolved.
The bridge was backed by stolen TAC
TAC’s September 2 post-mortem shows that its monitoring controls continued working throughout the attack. They were designed to detect missing bridge collateral, while the theft occurred before the tokens reached the bridge. TAC is a Cosmos-based blockchain with an Ethereum-compatible execution layer, built to connect Ethereum applications with the TON and Telegram ecosystem. When TAC moves to another supported network, the native tokens remain locked on TAC and an equivalent representation is issued on the destination chain.
An automated control compared the native TAC held in custody with the mi...
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