News linked to both this project and an event.
Binance Wallet announced that following a security incident involving the Nesa (NES) token contract, Binance Alpha 2.0 will support NES contract swaps on BNB Smart Chain (BEP20) and provide compensation arrangements for eligible users: first, balances held by users as of 14:51 UTC on August 24, 2026, and maintained through to 04:00 UTC on September 5, 2026, will be swapped to the new contract at a 1:1 ratio; subsequent purchases will not be eligible for the swap and will be refunded separately. Second, users with net purchases of NES between 14:51 UTC on August 24, 2026, and 04:00 UTC on September 5, 2026, will receive an email detailing the specific refund plan within seven working days. Trading of NES on Binance Alpha 2.0 is expected to resume on September 10, 2026, at 08:00 UTC.
According to Odaily, an investigation into the security vulnerability exploit of the Cosmos EVM module reveals that the primary attacker (0x9AE7) purchased $250,000 worth of NES and bridged it to Nesa Chain, exploiting a balance vulnerability to inflate holdings to 200 times their original size, then bridged approximately $50 million worth of NES back to Ethereum. The attacker's initial funding for the wallet originated from Monero. Through multiple wallets, the attacker exchanged NES for ETH on DEXs and deposited the proceeds into centralized exchanges. Due to rapid liquidity withdrawal, most exchanges suffered extreme slippage, and the attacker ultimately sold for only $315,000, netting a profit of approximately $60,000 after deducting costs.