BlockSec’s Phalcon said Cosmos EVM v0.7.2 appears to have included a public but low-profile fix for a critical vulnerability. A post-incident review cited by KiiChain suggested that at least some affected chains may not have been notified in time. The disclosure did not identify which chains were impacted, and the severity of the bug remains unclear from the available information. Even so, the episode has raised concerns about how security updates are communicated across blockchain ecosystems, especially when multiple chains may rely on the same software stack. The case points to a narrow but important issue: whether maintainers and downstream networks receive timely notice when critical fixes are shipped.

Cosmos Labs has confirmed a security flaw in its Cosmos EVM module and advised validators on affected chains to stop producing blocks. Three blockchains using the module have now disclosed impact from the issue. KiiChain said an attacker exploited the vulnerability 18 times on Aug. 22 and stole 148,326,583.15 KII tokens. Validators then halted the network at block height 9355723. TAC also paused its network the same day after an attacker drained a single account. MANTRA said it had previously paused because of the upstream dependency issue, but added that only two team-managed wallets were affected and no user funds were lost. The network said it fixed the flaw by upgrading to Cosmos-EVM module version 8.4.0 and has since resumed operations. Cosmos Labs said it will publish a full report after the incident is resolved. The update was carried by Techub, citing BeInCrypto.

A string of attacks has hit blockchains using the Cosmos EVM module, including MANTRA, TAC, KiiChain, and Nesa, with treasury-held protocol reserve tokens stolen and quickly sold on the market. The incidents were later linked by market participants to version v0.7.2 upgrade code published by Cosmos Labs on GitHub on Aug. 19. The release note itself said the version contained an important security fix and urged chains to upgrade through a coordinated process as soon as possible. The controversy centers on how the patch was handled. Critics said Cosmos Labs made the security fix public without privately warning downstream teams or issuing any mandatory upgrade notice to projects relying on the module. Developer @justde said the failure was not the existence of a vulnerability itself, but what happened after it became known: who got warned, who got patched, and whether customers or attackers moved first. KiiChain, one of the affected projects, said the incident could have been avoided and disclosed that the exploit required three upstream flaws in Cosmos EVM to be present at the same time. Nesa said on the night of Aug. 24 that it had detected malicious activity exploiting the Cosmos EVM vulnerability on its L1 and halted the chain while applying fixes and remediation measures. According to the report, its token had already dropped more than 94%, from $0.22 to $0.011. RootData data cited in the article also showed ATOM with an $800 million market capitalization, ranking 68th among tokens, down more than 95% from its peak.

PANews’ weekly roundup pulled together a wide range of crypto and adjacent-market stories, spanning AI, macro strategy, institutional views and Web3 developments. Among the biggest items, the reported Manus-Meta acquisition was reversed after a Ministry of Commerce ban, leaving Manus to resume independent operations with annual recurring revenue of $300 million and no staff departures, according to PANews’ summary. Riot’s $9.1 billion compute deal with Anthropic highlighted how bitcoin miners are being revalued as AI infrastructure providers rather than pure mining businesses. The selection also tracked major market and sector calls. PANews said U.S. stocks and gold rose together while bitcoin lagged despite ETF inflows, and cited views from Arthur Hayes, JPMorgan and Hash Global on liquidity, commodities and the late-bear-market setup. On the institutional side, the roundup featured commentary from Kalshi’s CEO, Bitwise’s CIO, 1confirmation, investor Lao Bai and VanEck’s research head. In Web3, ENS DAO passed its “Next Era” proposal, more than 78 projects had shut down since the start of 2025 after consuming over $900 million in funding, and Harmony suffered another exploit that allegedly led to the illicit minting of more than 3 trillion ONE tokens and a 38% price drop. The roundup also noted Kalshi’s talks to raise $750 million at a $40 billion valuation, Tether’s first full independent audit, and several other market headlines.

Binance Wallet said on X that Binance Alpha will list KiiChain (KII) for trading at 21:00 on Aug. 14. Users holding at least 230 Binance Alpha points will be eligible to claim a token airdrop through the Alpha event page. Each eligible user can claim 360 KII tokens, with distribution handled on a first-come, first-served basis. Binance Wallet also said that if the event is still ongoing after launch, the points threshold will automatically drop by 5 points every five minutes. The update lays out both the trading start time and the mechanics for the associated airdrop claim.

PANews’ daily roundup on Aug. 14 collected a wide spread of crypto, AI, regulatory and market developments, led by Databricks closing a $5 billion strategic financing and DeepSeek opening global testing for the developer preview of DeepSeek Harness v0.1 under the MIT license. The report also said Tether completed its first full independent financial statement audit, receiving an unqualified opinion from KPMG U.S. for Tether International, S.A. de C.V.’s 2025 accounts. In U.S. regulation, JPMorgan was reported to have ended its banking relationship with Polymarket last year over regulatory concerns, while the CFTC scheduled its Innovation Advisory Committee’s first meeting for Aug. 20 to discuss crypto assets, AI and prediction market oversight. The project and corporate section included Binance Alpha’s planned Aug. 14 listing of KiiChain (KII), SharpLink staking $200 million in ETH through Lido, and DeepSeek’s API price update that will take effect on Aug. 17. The funding and market data portion covered Kalshi’s talks for a new $750 million round at a $40 billion valuation, AMD’s potential bond sale of up to $5 billion, Bitcoin spot ETF net outflows of $131 million on Aug. 13, Reddit’s upcoming addition to the S&P 500, several crypto company earnings releases, and whale address activity tracked on-chain.

Binance Alpha is set to be the first platform to list KiiChain (KII) on Aug. 14, according to BlockBeats. Eligible users will be able to claim an airdrop after trading opens by using their Binance Alpha points on the Alpha event page. The notice did not include the detailed eligibility rules, claim amount, or timing beyond saying that more information will be released soon. The update focuses on two confirmed points only: KiiChain (KII) is scheduled to go live on Binance Alpha first, and qualified users can use Alpha points to participate in the airdrop claim once trading begins. No additional distribution terms were disclosed in the brief announcement.