Monitored by Woofun AI, the privacy-focused public chain Namada has confirmed a security breach, prompting an immediate internal investigation. The development team has engaged relevant stakeholders to mitigate the incident and has issued a call for potential white-hat researchers to disclose the vulnerability details voluntarily to expedite resolution.

On-chain analysis reveals that approximately 228,517 ATOM tokens were extracted from the compromised system. These assets were routed through the Inter-Blockchain Communication (IBC) protocol to an address on the Cosmos Hub network. Within hours of the initial transfer, multiple transactions moved the bulk of the funds out of the destination address, leaving only a negligible balance remaining.