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Thursday, August 8, 2024
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    HomeMarketSui Blockchain Awards Blockchain Safety Agency CertiK $500,000 CertiK for Risk Flagging

    Sui Blockchain Awards Blockchain Safety Agency CertiK $500,000 CertiK for Risk Flagging


    • Sui awarded CertiK for figuring out a vulnerability within the Sui Blockchain named HamsterWheel.
    • The HamsterWheel vulnerability traps nodes in an infinite loop just like hamsters operating on a wheel.
    • The HamsterWheel assault demonstrates the evolving sophistication of threats to blockchain networks.

    Sui Blockchain awarded blockchain safety firm CertiK with a $500,000 bounty for figuring out a risk that might have destroyed the whole Sui layer-1 blockchain.

    The recognized vulnerability is named HamsterWheel, and the CertiK group defined that the vulnerability differs from extra frequent assaults that intention to crash nodes and destroy blockchains.

    HamsterWheel assault particulars

    Just like hamsters operating on a wheel, the HamsterWheel assault holds nodes again and permits them to carry out transactions with out having to course of new transactions. An assault can paralyze networks and render them unusable.

    Certick recognized HamsterWheel vulnerability forward of Sui mainnet launch in 2023. Might. originally Sui then applied patches in response to the safety risk to guard in opposition to the potential injury an assault may trigger to the blockchain.

    In recognition of his efforts, Sui awarded CertiK a $500,000 bonus; emphasizing the worth of bug applications and preventative safety measures.

    Blockchain safety

    Based on Kang Li, chief safety officer at CertiK, threats to blockchain networks are always evolving. Li mentioned that “the invention of the HamsterWheel assault demonstrates the evolving sophistication of threats to blockchain networks.”

    CerticK mentioned in an announcement that extra technical data can be launched and made accessible quickly. Moreover, as soon as all mitigations have been applied and totally examined, all stories can be made public.

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