SShortSingh.
Back to feed

Ethical Hackers Found Aptos Blockchain Flaw That Risked $70B in Crypto

0
·1 views

Security researchers discovered a critical vulnerability in the Aptos blockchain that has since been patched. The flaw allowed attackers to break a core security guarantee with nearly a 90% success rate. Carrying out the attack required only a modest $3,000 server and cost just hundreds of dollars to execute. The vulnerability posed a potential risk to approximately $70 billion worth of cryptocurrency stored on the network. The responsible disclosure and subsequent patch prevented any known exploitation of the flaw.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

NYLIM Executive: Blockchain Could Enable Personalized Portfolio Construction

Thomas Sy, head of multi-asset solutions at New York Life Investment Management (NYLIM), believes tokenization is poised to transform personalized portfolio management. The executive, who oversees operations at the $800 billion asset manager, argues that blockchain technology can enable complex portfolio construction currently not achievable through traditional finance. Sy's comments highlight tokenization as an emerging use case beyond its existing applications in asset management. The remarks reflect growing institutional interest in leveraging blockchain to modernize and customize investment strategies.

0
Crypto & Web3CoinDesk ·

Experts divided on proposal to freeze Satoshi's 1.1M BTC amid quantum computing fears

Binance founder Changpeng Zhao has proposed freezing the approximately 1.1 million bitcoin believed to be held by Bitcoin creator Satoshi Nakamoto. The suggestion comes amid growing concerns that advances in quantum computing could eventually allow bad actors to crack early Bitcoin wallet encryption. Zhao argues that preemptively locking these coins would protect the network from a potential quantum-enabled theft. However, the proposal has sparked disagreement within the Bitcoin community, with experts split on whether such an intervention is necessary or appropriate.

0
Crypto & Web3CoinDesk ·

Bitcoin's Lag Behind Record Stocks Seen as Temporary, Analysts Say

Bitcoin has been underperforming record-high stock markets, but analysts believe this divergence is unlikely to persist. Researchers from Schwab and Hashdex suggest that artificial intelligence investments have drawn capital away from digital assets, contributing to bitcoin's relative weakness. Despite this, bitcoin is reportedly following a recognizable recovery pattern that typically emerges after its halving events. Analysts therefore expect bitcoin to realign with broader market performance as the post-halving cycle progresses.

Ethical Hackers Found Aptos Blockchain Flaw That Risked $70B in Crypto · ShortSingh