Potential Vulnerability in Cosmos based Ethermint Uncovered by Jump Crypto

04/14/2023 06:55 • Tech Ticker • 128 views

On April 14th, developers of Jump Crypto discovered a potential vulnerability in Cosmos based Ethermint, which could result in eight digit asset losses. Ethermint supports the use of Ethereum smart contracts in the Cosmo ecosystem, which could allow attackers to bypass specific contracts called handlers, leading to theft of transaction fees and denial of service to users. After receiving the report, the Evmos core development team and Cronos team immediately collaborated with Jump Crypto to resolve the issue.

Developers discover potential vulnerabilities in Cosmos based Ethermint

In the world of cryptocurrency, security is paramount. Developers and users alike need to be vigilant and proactive in identifying any potential vulnerabilities in the system that could lead to the theft of assets. On April 14th, Jump Crypto – a team of cryptocurrency security experts – discovered a potential vulnerability in Cosmos based Ethermint that could result in eight digit asset losses.

What is Ethermint?

Ethermint is a platform that supports the use of Ethereum smart contracts in the Cosmos ecosystem. This enables developers to create and deploy decentralized applications (dApps) on the Cosmos network using Ethereum programming languages and tools. The goal of Ethermint is to provide developers with a more scalable, interoperable, and customizable blockchain platform.

The Vulnerability

The vulnerability discovered by Jump Crypto involves the potential bypassing of specific contracts called handlers. Handlers are responsible for processing and validating transactions on the Ethermint network. By bypassing these handlers, attackers could steal transaction fees and launch denial of service attacks on users.

Response from Evmos Core Development Team and Cronos Team

Upon receiving the report from Jump Crypto, the Evmos core development team and Cronos team immediately collaborated to resolve the issue. The teams worked to identify the root cause of the vulnerability and to develop and deploy a fix as quickly as possible. They also conducted a thorough audit of the Ethermint codebase to ensure that there were no other potential vulnerabilities.

Conclusion

The discovery of the potential vulnerability in Cosmos based Ethermint serves as a reminder of the importance of security in the world of cryptocurrency. The quick response from the Evmos core development team and Cronos team reflects their commitment to providing a secure and reliable platform for developers and users alike. Moving forward, it is essential that all parties involved in the cryptocurrency ecosystem remain vigilant and proactive in identifying and addressing potential vulnerabilities.

FAQs

Q: Could this vulnerability have led to actual asset losses?
A: While the potential for eight digit asset losses existed, the vulnerability was discovered before any actual loss occurred.
Q: Has the vulnerability been completely resolved?
A: Yes, the Evmos core development team and Cronos team have developed and deployed a fix for the vulnerability.
Q: What can developers and users do to prevent vulnerabilities like this in the future?
A: In addition to remaining vigilant and proactive, developers and users can also make use of security tools and best practices to enhance the security of their applications and transactions.

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