Report: Over 40 Bugs in Blockchain and Crypto Platforms Detected Over Past 30 Days

March 14, 2019
38 Views

White hat hackers have reportedly detected over 40 bugs in blockchain and cryptocurrency platforms over the past 30 days.

White hat hackers have detected over 40 bugs in blockchain and cryptocurrency platforms over the past 30 days, tech news outlet The Next Web (TNW) reported on March 14.

According to an investigation conducted by TNW, 13 blockchain- and cryptocurrency-related companies were hit with a total of 43 vulnerability reports from Feb. 13–March 13.

In the blockchain field, e-sports gambling platform Unikrn reportedly got the most vulnerability reports, amounting to 12 bugs. Unikrn is followed by OmiseGo developer, Omise, having received six bug reports. In third place is EOS, with five vulnerability reports.

Consensus algorithm and peer-to-peer (P2P) networking protocol Tendermint received four bugs. Tendermint is followed by decentralized prediction market protocol Augur and smart contracts platform Tezos, with three each. Anonymity-focused cryptocurrency Monero, ICON, and MyEtherWallet reportedly saw two vulnerability reports each.

Major American crypto exchange Coinbase and the developer of blockchain browser Brave, Brave Software, reportedly received one vulnerability report each.

The hackers received a total of $23,675 dollars for their efforts, of which Tendermint contributed the most at $8,500. EOS gave $5,500 in rewards, while Unikrn awarded $1,375. TNW says that the low bounty amount suggests that the bugs were not critical.

In contrast, tens of thousands of dollars in bounties were handed out by EOS to white hat hackers who found critical vulnerabilities in its platform.  

This week, major hardware wallets manufacturer Ledger unveiled vulnerabilities in its direct competitor Trezor’s devices. Among other issues, the Trezor device could purportedly be imitated by backdooring the device with malware and then re-sealing it in its box by faking a tamper-proof sticker, which is reportedly easy to remove.

Trezor subsequently responded to the claims, stating that none of the weaknesses revealed by Ledger are critical for hardware wallets. According to Trezor, none of them can be exploited remotely, as the attacks described require “physical access to the device, specialized equipment, time, and technical expertise.”

You may be interested

eToro Acquires Smart Contract Infrastructure Provider Firmo
Blockchain
55 views
Blockchain
55 views

eToro Acquires Smart Contract Infrastructure Provider Firmo

btcethereumadmin - March 25, 2019

Image via eToro, Facebook Social trading and multi-asset brokerage company eToro has acquired Firmo, a smart contract infrastructure provider, for…

A Bitcoin Lightning Web Standard, Inspired By Ethereum, Is Gaining Steam
Bitcoin
61 views
Bitcoin
61 views

A Bitcoin Lightning Web Standard, Inspired By Ethereum, Is Gaining Steam

btcethereumadmin - March 25, 2019

Sending bitcoin lightning payments over the web might soon get easier. That’s because a new bitcoin standard for simplifying lightning…

Bitcoin’s Trading Range Narrows In March to Hit Two-Year Low
Bitcoin
61 views
Bitcoin
61 views

Bitcoin’s Trading Range Narrows In March to Hit Two-Year Low

btcethereumadmin - March 25, 2019

Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time,…

Leave a Comment

Your email address will not be published.