Cosmos Hub Secures 1.23 Million Stolen ATOM, Awaiting Governance Vote for Refund

Cosmos Hub validators intercepted 1,227,121.37 ATOM stolen during a Sept. 22 governance attack on Neutron. While the assets are currently held in a recovery multisig, Cosmos Labs stated that a separate governance proposal must be approved before the funds can be distributed to affected users and protocols. The recovery was achieved through an emergency software patch (v28.3.0) that allowed validators to transfer the assets from the attacker's address to a secure account. As of 15:40 UTC on Sept. 26, the tokens remained in custody while the Neutron response team prepared a distribution plan.