TAC Bounces After 99% Plunge as Traders Price in Network Comeback
AI Market Summary
TAC is attempting a recovery after a security exploit in the shared Cosmos EVM precompile layer led to a ~99% crash and an emergency network halt to prevent further losses. The team says supply is unchanged and other network assets were unaffected, with a postmortem and relaunch plan being prepared alongside SEAL 911 and exchanges. Near-term trading conditions remain headline-sensitive, with fragile market structure pending official updates and relaunch execution.
Impact level
● High
Affected assets
TAC/USDT+50.92%
AI Insight · TAC/USDTAI Insight
● Neutral
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TAC is trying to stabilize after a security exploit sparked a steep selloff. On Aug. 22, an attacker abused a flaw in the shared Cosmos EVM precompile layer and moved 2,985,651,403 TAC out of a single account. In response, TAC halted the network at block 24,671,475 to limit further impact.
The team said no new tokens were minted and the total supply is unchanged, adding that other assets on the network were not affected. A technical postmortem and a relaunch plan are being prepared in coordination with SEAL 911 and exchanges.
Price action has shown early signs of a technical rebound, with TAC recovering from an intraday low near $0.00130 to around $0.0024. Some traders are probing long positions from the demand zone, with bullish setups pointing to a potential move back toward $0.00305. The broader trend remains fragile after the security-driven crash, and sentiment is expected to hinge on official updates. A more durable recovery likely depends on TAC reclaiming higher levels as the network completes its security fixes and relaunch.
