Evmos is the Ethereum Virtual Machine (EVM) Hub on the Cosmos Network. In versions of evmos prior to 2.0.1 attackers are able to drain unclaimed funds from user addresses. To do this an attacker must create a new chain which does not enforce signature verification and connects it to the target evmos instance. The attacker can use this joined chain to transfer unclaimed funds. Users are advised to upgrade. There are no known workarounds for this issue.
CWE-287 - Improper Authentication
Improper (or broken) authentication attacks are widespread, and have accounted for many of the worst data breaches in recent years. Improper authentication attacks are a class of vulnerabilities where an attacker impersonates a legitimate user by exploiting weaknesses in either session management or credential management to gain access to the user’s account. This can result in disclosure of sensitive information, and can lead to system compromise, theft, identity theft, and fraud.