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The Cosmos Hub’s incident update says its network was not exploited. Stolen assets arrived from Neutron via IBC; Hub validators then paused their own chain and restarted it with a limited change affecting one account.
Cosmos recovery: the record
Network actionBlock production stopped, then resumed on Gaia v28.3.0.
State change1,227,121 ATOM moved from one account to recovery custody.
Recovery custodyA named 4-of-6 multisig holds the secured ATOM.
Important limitA later THORChain refund fell outside the first sweep.
Three powers people confuse in a blockchain emergency
A blockchain can halt block production when enough validators stop signing transactions, pausing normal network activity.
1. Stopping block production
Validators produce and confirm new blocks. On Cosmos Hub, the Read Entire Article
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