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Thursday, October 17, 2024
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    HomeMarketSui Blockchain awards blockchain safety agency CertiK $500,000 CertiK for reporting risk

    Sui Blockchain awards blockchain safety agency CertiK $500,000 CertiK for reporting risk


    • Sui awarded CertiK for figuring out a vulnerability known as “HamsterWheel” on Sui Blockchain.
    • The “HamsterWheel” vulnerability traps nodes in an countless loop just like hamsters jogging on a wheel.
    • The HamsterWheel assault demonstrates the evolution of risk sophistication towards blockchain networks.

    Sui Blockchain has awarded blockchain safety agency CertiK a $500,000 bounty for figuring out a risk that might have introduced down the whole Sui layer-1 blockchain.

    The recognized vulnerability known as “HamsterWheel” and the CertiK group defined that the vulnerability is distinct from extra standard assaults that purpose to crash nodes and produce down blockchains.

    HamsterWheel Assault Particulars

    Much like hamsters working on a wheel, the HamsterWheel assault traps nodes and permits them to carry out operations with out processing new transactions. The assault has the ability to cripple networks and render them unusable.

    Certick recognized the HamsterWheel vulnerability previous to Sui’s mainnet launch in early Might 2023. Sui then went forward and applied patches in response to the safety risk to protect towards the potential injury a assault may trigger to the blockchain.

    Sui gave CertiK a $500,000 bounty as a thanks for its efforts; highlighting the worth of bug bounty packages and preventative safety measures.

    Blockchain Safety

    In line with CertiK Chief Safety Officer Kang Li, threats to blockchain networks are always evolving. Li mentioned that “the invention of the HamsterWheel assault demonstrates the evolution of the sophistication of threats towards blockchain networks.”

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    CerticK’s announcement signifies that extra technical data will quickly be launched and made accessible. Moreover, as soon as all mitigation measures have been applied and totally examined, full stories can be made public.

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