Cosmos Labs Issues Urgent Security Warning for EVM Chains

Cosmos Labs sent a serious alert on Tuesday regarding a dangerous vulnerability in its EVM module. The team is calling for all public blockchains using software versions below 0.6.2 or 0.7.2 to shut down their operations right away. This step is necessary to prevent further losses while teams apply the required security patches.

The flaw has already resulted in the loss of funds across three different networks. By halting chain activity, developers hope to stop the unauthorized draining of assets while they work to fix the underlying code. The team stresses that this is a time sensitive situation for any project utilizing these specific versions.

Traders and developers should keep a close eye on their project status updates over the next few days. If you hold assets on a smaller chain that uses Cosmos technology, check their official status pages to see if they are affected by this maintenance period. Safety is the priority until the updates are fully live and verified.