2 years ago
Cosmos-based blockchain Juno (JUNO) went offline connected Tuesday arsenic the effect of a suspected onslaught connected the network.
The web remains offline arsenic of property time, but nary idiosyncratic funds person been impacted and the Juno halfway improvement squad says a hole is successful the works, according to a retweet from the project’s authoritative Twitter handle.
A Juno halfway developer speaking to CoinDesk connected the information of anonymity said the web clang stemmed from a malicious smart contract masked to look similar a elemental “hello world” program.
The suspected attacker sent a drawstring of implicit 400 transactions to the astute declaration implicit the people of 3 days successful a process of evident trial-and-error – yet landing connected a circumstantial operation of transactions that crashed the network.
According to the developer who spoke with CoinDesk, the attacker exploited a blockchain vulnerability that Juno planned to address via an update scheduled for a fewer hours aft the attack. The developer says the vulnerability had been publically disclosed, arsenic it impacted each blockchains that usage the CosmWasm astute declaration platform.
This is the 2nd large situation Juno has faced successful the past month. In March a controversial governance vote removed tokens from a “whale” accused of manipulating a JUNO airdrop – an unprecentented lawsuit of a decentralized assemblage straight voting to chopped a wallet’s token balance.
The JUNO token, which has a $1 cardinal marketplace headdress according to CoinGecko, has dropped 9% successful the past 24 hours.
As of now, the individuality of the attacker is unknown.
According to Daniel Hwang, whose institution Stakefish runs a validator for Juno, members of the Juno assemblage are trying to fig retired who would person been motivated to execute the onslaught for nary evident fiscal gain. According to Hwang, token holders are pointing fingers astatine imaginable culprits ranging from rival blockchains to bagholders connected the losing extremity of past month’s governance vote.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Sam is simply a newsman astatine CoinDesk focused connected decentralized technology, DeFi and DAOs. He owns ETH, BTC and MATIC.
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