The recent attack against it (during which a hacker drained $566 million from the blockchain’s bridge) incentivized Cosmos developers to research whether other IBC blockchains may be vulnerable to the same exploit. For various reasons, however, they have either deactivated the function or never fully enabled it in the first place. Other major blockchains such as OKX Chain, Luna Classic, and Thorchain have also integrated IBC in the past. According to the project’s website, the market capitalization of all IBC-enabled chains together reaches $8.18 billion. At the time of writing, there are 42 IBC-enabled blockchains including Cosmos Hub, Osmosis, Cronos, and Evmos. It appears the entire Cosmos ecosystem was endangered by a single vulnerability.Īccording to an announcement posted today in the Cosmos Hub governance forum by co-founder Ethan Buchman, lead developers recently discovered a “critical security vulnerability that impacts all IBC-enabled Cosmos chains, for all versions of IBC.”Ĭosmos is a decentralized network of blockchains connected through the Inter-Blockchain Communication protocol (IBC), which enables users to hop from one Cosmos blockchain to another seamlessly. They found a critical security vulnerability that endangered every IBC-enabled blockchain. Last week’s BNB Chain attack led Cosmos developers to inspect their IBC code. #Nfts dead by daylight PatchA patch has already been communicated privately to Cosmos developers and validators.The attack vector was discovered following last week’s BNB Chain’s exploit.A critical security vulnerability threatened all IBC-enabled blockchains, Cosmos developers recently discovered.
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