DeFi· ★★★· neutral·

Cosmos Hub Voters Set to Veto Refund of 1.2M ATOM to Neutron Attacker

  • —No with Veto accounts for about 95% of 69.3 million ATOM cast; only 174,300 ATOM support it
  • —The proposal sought to return 1,221,120 ATOM and pay a 500,000 ATOM bounty
  • —After the chain restart, 1,227,121 ATOM were moved to a 4-of-6 validator multisig
  • —The attacker recovered 168,990 ATOM via THORChain after swapping 200,000 ATOM for about 19.9 ETH
Why it matters: The vote will show whether Cosmos stakeholders will return funds seized from an exploiter and how validators handle the 1.2 million ATOM.
Source: Unchained