Close Menu
Political Risk WirePolitical Risk Wire
  • Home
  • News
  • Politics
  • Markets
    • Stocks
    • Futures & Commodities
    • Funds
    • Crypto
    • Forex
  • Economy
  • Finance
  • Fintech
  • Investing
  •  Videos
Trending Now

Senate Democrat probes Cantor Fitzgerald over Tether ties and $250M Lutnick windfall

October 9, 2026

Bitcoin, Ethereum, Ripple – BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

October 9, 2026

Post-Quantum Custody Platform Strongpoint Adds Quantus As Development Partner

October 9, 2026

New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields

October 9, 2026

XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need

October 9, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Telegram
Login
Political Risk WirePolitical Risk Wire
 Market Data Newsletter
  • Home
  • News
  • Politics
  • Markets
    • Stocks
    • Futures & Commodities
    • Funds
    • Crypto
    • Forex
  • Economy
  • Finance
  • Fintech
  • Investing
  •  Videos
Political Risk WirePolitical Risk Wire
Home » TAC blockchain remains frozen for over 10 days after a massive exploit forces a 1.26 billion token bailout
Crypto

TAC blockchain remains frozen for over 10 days after a massive exploit forces a 1.26 billion token bailout

News RoomNews RoomSeptember 2, 20265 ViewsNo Comments
Facebook Twitter LinkedIn Reddit Telegram WhatsApp Pinterest Email
Facebook Twitter LinkedIn Pinterest Email

The TAC network halt continues at block 24,671,475, more than 10 days after an exploit emptied the bonded staking pool. The network is an EVM-compatible Layer 1 connected to the TON ecosystem. An RPC query by CryptoSlate at 2:33 a.m. UTC still showed the final block from Aug. 22, meaning normal block production had not resumed.

The network’s Sept. 1 postmortem put the drain at 2,985,651,403.40 TAC, or 28.6% of supply. TAC said one transaction reduced the bonded pool to zero without changing total token supply, leaving the chain’s delegation records without the tokens that backed them.

The upstream Cosmos EVM advisory attributed the attack path to a mismatch between two balance records. The EVM StateDB tracked only an account’s spendable tokens, while the Cosmos SDK ledger also tracked locked vesting tokens that could be delegated. Delegating more than the spendable amount caused an unchecked subtraction to wrap toward an enormous number close to 2^256.

Cosmos Labs said a second overflow operation then let an attacker zero a victim account while retaining its legitimate tokens. TAC identified the protocol-controlled staking pool as the victim account on its network. The advisory classed the flaw as critical and said Cosmos EVM versions below 0.6.2, plus versions 0.7.0 and 0.7.1, were vulnerable.

The disclosure trail predates the attack. Cosmos Labs’ postmortem said the bug reached its bounty program on April 25, was patched on the main branch May 15 and was backported into releases on Aug. 19. A Push Chain fork publicly described the path on Aug. 20. TAC separately said it sent a maintainer an analysis of two related defects in July without acknowledgement.

TAC network halt recovery leaves $BNB Chain balance unresolved

TAC said the attacker sold 1,208,329,197 TAC on $BNB Chain for 950,293 $USDT and another 49.9 million TAC on TON for 55,481 $USDT. The reported proceeds total 1,005,774 $USDT.

The proposed recovery splits the drained pool three ways. A targeted state edit would remove 65,100,989 incident-linked TAC frozen on TAC. Another 1,662,322,353 TAC remains in incident-associated $BNB Chain addresses and will be handled separately. TAC said the remaining 1,258,228,061.40 TAC, representing tokens sold from the pool, would be replaced in full from TAC Foundation treasury reserves.

Unlike a rollback, the proposed edit would correct specified balances at the halt block without rewinding the chain. TAC said that would restore the bonded pool and delegator balances while preserving 7,772 legitimate transactions from 218 unrelated addresses.

Ending the TAC network halt still depends on validators adopting TAC’s patched binary, resuming block production and executing the edit. Bridging and redemption remain disabled, and TAC has not settled how the 1.662 billion TAC on $BNB Chain will be treated. The treasury commitment therefore addresses the sold-token shortfall, not the larger attacker-held balance outside the network.

Read the full article here

bailout billion Blockchain days Exploit Forces frozen massive remains TAC Token
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp

Related Articles

Senate Democrat probes Cantor Fitzgerald over Tether ties and $250M Lutnick windfall

Post-Quantum Custody Platform Strongpoint Adds Quantus As Development Partner

XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need

OSL Brings A USDGO Market-Neutral Fund On-Chain For Hong Kong Investors

Securitize Brings Apple, Nvidia and Tesla Stocks Onchain on Solana

IMF Report Details Why Tokenized Finance Is Struggling to Scale

Solana’s top DEX Orca merges with Loopscale, pitches itself as a lender to AI and defense

Bitcoin reclaims $81K as Trump rules out pre-midterm Iran strikes

Macro Analyst Says Bond Crisis Will Make XRP The World’s Bridge Asset At $5,000

Editors Picks

Senate Democrat probes Cantor Fitzgerald over Tether ties and $250M Lutnick windfall

October 9, 2026

Bitcoin, Ethereum, Ripple – BTC sheds 5%, ETH loses 50-day EMA, XRP risk breakdown

October 9, 2026

Post-Quantum Custody Platform Strongpoint Adds Quantus As Development Partner

October 9, 2026

New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields

October 9, 2026

XRPL’s $1.34 billion stablecoin base doesn’t tell us how much XRP users need

October 9, 2026

Latest News

The advice immigration attorneys have for Microsoft workers worried about their green cards

October 9, 2026

British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus

October 9, 2026

OSL Brings A USDGO Market-Neutral Fund On-Chain For Hong Kong Investors

October 9, 2026

Subscribe to News

Get the latest market and politics news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
© 2026 Political Risk Wire. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?