The team identified the vulnerability during a security audit conducted after a separate exploit of Binance Smart Chain (BSC), which drained US$100 million worth of tokens, wrote Ethan Buchman, Cosmos’s Toronto-based co-founder, in its forum. The team made a software patch available to everyone Friday morning after issuing it to major Cosmos blockchains privately, he said. (The Logic)
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The team identified the vulnerability during a security audit conducted after a separate exploit of Binance Smart Chain (BSC), which drained US$100 million worth of tokens, wrote Ethan Buchman, Cosmos’s Toronto-based co-founder, in its forum. The team made a software patch available to everyone Friday morning after issuing it to major Cosmos blockchains privately, he said. (The Logic)
Talking point: BSC is the largest user of Cosmos software, and the exploit prompted a Twitter spat between Buchman and BSC’s chief scientist over whether the blockchain is sufficiently contributing to Cosmos’s security and development. This is the second vulnerability the Cosmos team has uncovered following the BSC hack. On Twitter, members of the Cosmos community praised Buchman for his swift action. The blockchain protocol has over US$60 billion in assets under management. A spokesperson for Binance said the company does not exert any control over BSC.
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