Cosmos EVM Vulnerability Leads to Nesa Chain Exploit

On August 26, Bubblemaps reported that a vulnerability in the Cosmos EVM module was exploited, affecting multiple chains including Nesa Chain. The attacker purchased approximately $255,000 worth of NES tokens and bridged them to Nesa Chain, where they exploited a balance bug to inflate their holdings by 200 times. Although they attempted to bridge $50 million worth of NES back to Ethereum, the lack of liquidity caused significant slippage during the sell-off. The attacker ultimately realized a profit of only about $60,000 after selling $315,000 worth of tok