CoinScoopCosmos Hub Governance Rejects Proposal to Refund Attacker's Seized ATOM
A governance proposal on the Cosmos Hub to return 1.2 million ATOM seized from an attacker following the Neutron incident is facing a near-unanimous rejection. The proposal, which also included a 500,000 ATOM bounty for voters, was met with 95% 'No with Veto' votes. The seized funds are currently held in a 4-of-6 multisig controlled by Hub validators. The Hub team confirmed that the software patch used to secure the funds did not indicate a vulnerability in the Cosmos Hub itself.
Summaries are written by AI from the original article. Not investment advice.