“While this vulnerability has existed in ibc-go since the beginning, it only became exploitable due to recent developments in the Cosmos SDK ecosystem,” Asymmetric said in a blog post published Tuesday. The vulnerability was unlocked with the advent of “IBC middleware” – third-party applications built using CosmWasm, a WebAssembly-based smart contract runtime, that allows tokens to be used across blockchains.
Related posts
-
Investment Firm Makes BTC Its Strategic Reserve
Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic... -
Ethereum Price Takes Hit and Turns At Risk of Fresh Lows
Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the... -
Investment Firm Franklin Templeton: Base to Lead Ethereum L2 Sector, Powered by Socialfi
Franklin Templeton, a global investment behemoth, has praised the...