Today news
About the same in other media
Now fixed, Solana Protocol Library bug, had potential to expose $2.6 billion to risk of theft
Reading now: 914
Rug pulls and network exploits have dominated much of the buzz within the cryptocurrency industry, and for good reason. DeFi applications have now lost over $2 billion in total owing to such hacks. The latest one this week alone accounted for $120 million.
Further, billions more could have been lost from the Solana ecosystem if a recently rectified bug had not been detected, according to security researchers at Neodyme.
In a recent blog post, the researchers revealed that a bug in the Solana Protocol Library (SPL), could have allowed attackers to steal money from multiple Solana projects at a rate of $27 million an hour. The total value at risk rang up to $2.6 billion. SPL is a set of reference documents for Solana projects.
Potential targets
Read more on ambcrypto.comAbout this in other media
Grayscale report notes Solana’s growth, lists Proof-of-History as potential risk ambcrypto.com /2 years ago
Edward Snowden says gamers could be vulnerable to exploitation using NFTs cointelegraph.com /2 years ago
Should I remortgage now even though my fixed term hasn’t ended? theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
