Reentrancy Bug in Cosmos Could Have Endangered $150M, Warns Reporting Firm

Tuesday, 23 April 2024, 13:00
A potentially catastrophic reentrancy bug within the Cosmos ecosystem was identified by Asymmetric Research, a pivotal supporter of the Wormhole interoperability protocol. With swift action, the bug has been rectified to prevent the vulnerable $150 million, showcasing the significance of rigorous security protocols in the crypto landscape.
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Reentrancy Bug in Cosmos Could Have Endangered $150M, Warns Reporting Firm

Detail on Reentrancy Bug in Cosmos

The reentrancy bug discovered in the Cosmos ecosystem posed a substantial risk to approximately $150 million in assets. The vulnerability was detected by Asymmetric Research, a core contributor to the Wormhole interoperability protocol.

Action Taken to Mitigate Risk

The firm promptly reported the bug, leading to a swift patch to prevent potential exploits and safeguard the assets within the network.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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