Sam is CoinDesk's deputy managing editor for tech and protocols. He reports on decentralized technology, infrastructure and governance. He owns ETH and BTC.
Asymmetric Research, a security firm that contributes to the Wormhole interoperability protocol, disclosed details of a vulnerability impacting the Cosmos blockchain ecosystem that it says could have put more than $150 million at risk.
"We privately disclosed the vulnerability through the Cosmos HackerOne Bug Bounty program and the issue is now patched," Asymmetric said in a statement."No malicious exploitation took place and no funds were lost." A primary component of most Cosmos chains is the Inter-Blockchain Communication Protocol, or IBC – a technology that allows blockchains to easily communicate with one another and send assets back and forth. The vulnerability Asymmetric discovered was in ibc-go, a reference implementation of IBC used by a number of Cosmos chains.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple finally reveals the serious security issues it patched in iOS 17.4.1Alan, an ardent smartphone enthusiast and a veteran writer at PhoneArena since 2009, has witnessed and chronicled the transformative years of mobile technology. Owning iconic phones from the original iPhone to the iPhone 11 Pro Max, he has seen smartphones evolve into a global phenomenon.
Read more »
PlayStation Portal PSP Emulation Exploit Gets Patched Out After Hackers Reported the IssuePSP emulation on the PlayStation Portal suffers a setback.
Read more »
Rusty-patched bumblebee's struggle for survival found in its genesThe rusty-patched bumblebee, once common in the United States, has declined from about 90% of its former range. Researchers conducted the first range-wide genetic study of the endangered species to inform recovery efforts.
Read more »
Zignaly Announces Cosmos-Based ZIGChain, $100M Ecosystem FundZIGChain's ecosystem fund is backed by DWF Labs.
Read more »
Union Labs Plans Polygon-to-Cosmos Bridge with New AggLayer IntegrationBradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
Read more »