Cosmos ecosystem chains had been impacted by a major high-severity safety vulnerability, which may disrupt the affirmation of recent transactions on-chain inflicting a possible network-wide outage. Some of the most important Cosmos-based chains are Injective, Celestia, Cronos, THORChain, Osmosis, Kava, Terra Luna Classic, and others.
CosmWasm Smart Contract Security Vulnerability
CertiK lately uncovered a major vulnerability within the CosmWasm sensible contract platform inside the Cosmos ecosystem and shared it with Confio for a patch to resolve the essential situation.
Over 20 app chains had been impacted by the high-severity vulnerability. It permits untrusted Wasm submissions on chains to disrupt the affirmation of recent transactions on-chain, which may have led to a possible network-wide outage.
The CosmWasm staff labored in collaboration with CertiK to develop and release an efficient patch on January 10. The affected app chains had been notified to make sure preventive measures and deal with the problem with out impacting customers, whereas finalizing backports to CosmWasm 1.2, 1.3, 1.4, and 1.5.
“We extend our gratitude to the CertiK team for their professionalism and commitment to maintaining the security of CosmWasm and the broader crypto ecosystem. Our appreciation also extends to the dedicated community of white-hats, whose continuous efforts play a crucial role in safeguarding the broader crypto ecosystem,” mentioned CosmWasm.
Also Read: Binance Files Joint Response To US SEC’s Terra Lawsuit Supplemental Authority
Performance Of Cosmos Ecosystem Tokens
Only some Cosmos ecosystem tokens’ costs had been impacted by the vulnerability in the previous couple of weeks. The well timed launch of the patch and different measures prevented extreme community outages.
Celestia (TIA) worth has rallied over 50% in per week amid a number of developments together with staked distinctive wallets surpassing 300,000. TIA worth trades up 2% at $19.88 within the final 24 hours.
Injective (INJ) worth trades at $39.30, up practically 4% up to now 24 hours. Trading quantity has jumped marginally during the last 24 hours.
LUNC worth fell practically 1% up to now 24 hours, with the value at the moment buying and selling at $0.0001213.
Also Read: Scammers Favor Tether (USDT) For Illegal Activities — Report
The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
