#EthicalHackersFindAptosFlawRisking$70B Aptos' $70 Billion Security Vulnerability
This second segment is a bit chilling, it concerns the security of the Aptos blockchain.
A team of ethical hackers from security firm Hexens has discovered a critical vulnerability in the Aptos blockchain. What's even more impressive is that they only needed a server costing around $3,000 to simulate this attack with a success rate of over 90% in real-world network conditions.
The vulnerability lies in the Move programming language used by Aptos, a language designed to handle data type security rigorously. But if the resources within it are compromised, the impact goes beyond just one protocol, it can spread to stablecoins, bridges, and even other DeFi platforms that trust those resources.
The estimated systemic risk is up to $70 billion covering funds accessible through bridges, cross chain messaging systems, and even the infrastructure of stablecoins and centralized exchanges.
The good news: the vulnerability was reported via the emergency channel in late February and was patched within days so no funds were lost.
Here's why bug bounties and ethical hacking are so crucial in the crypto industry, sometimes the difference between "safety" and "industry crisis" is just a matter of who finds the bug first.
$BTC $ETH $APT
This second segment is a bit chilling, it concerns the security of the Aptos blockchain.
A team of ethical hackers from security firm Hexens has discovered a critical vulnerability in the Aptos blockchain. What's even more impressive is that they only needed a server costing around $3,000 to simulate this attack with a success rate of over 90% in real-world network conditions.
The vulnerability lies in the Move programming language used by Aptos, a language designed to handle data type security rigorously. But if the resources within it are compromised, the impact goes beyond just one protocol, it can spread to stablecoins, bridges, and even other DeFi platforms that trust those resources.
The estimated systemic risk is up to $70 billion covering funds accessible through bridges, cross chain messaging systems, and even the infrastructure of stablecoins and centralized exchanges.
The good news: the vulnerability was reported via the emergency channel in late February and was patched within days so no funds were lost.
Here's why bug bounties and ethical hacking are so crucial in the crypto industry, sometimes the difference between "safety" and "industry crisis" is just a matter of who finds the bug first.
$BTC $ETH $APT