- Five critical vulnerabilities found in the EOS blockchain in January 2019
- White-hat hackers have earned $50,750 for detecting flaws
- EOS attacked by hackers numerous times in 2018
According to a February 5, 2019, report by The Hard Fork – white-hat hackers are still finding critical vulnerabilities in the EOS blockchain. They have already raked in bug-bounties worth $50,750 in January 2019 alone.
Five Critical Vulnerabilities Found in EOS
The EOS Blockchain had an unenviable 2018 compared to most of the other major cryptocurrencies. The network was hacked several times throughout the past year which resulted in hackers stealing digital tokens to the tune of millions of dollars through EOS-powered gambling and gaming dApps.
Per the report by The Hard Fork, things don’t seem to have changed much for the EOS Blockchain white-hat hackers continue to find “critical” bugs on the ledger network. The report mentions that EOS developer Block.one closed eight vulnerability reports submitted by white-hat hackers in January 2019 alone – worth a total of $50,750 in bug bounties.
It’s also important to highlight that out of the aforementioned sum, five bounties qualified for Block.one’s $10,000 reward, which is reserved only for critical vulnerabilities.
Vulnerabilities Detected in Other Altcoins
Notably, the EOS Blockchain is not the only one which underwent the scrutiny of white-hat hackers last month.
Justin Sun led DLT project TRON (TRX), and zero fee trading app Robinhood both detected three vulnerabilities each. Similarly, exchange platform Cobinhood detected two such vulnerabilities. Other notable players in the cryptoverse, namely Electroneum, Coinbase, and Gatecoin reported at least one bug report in January 2019.
EOS’s Troubled Past
Followers of the crypto industry won’t find the detection of critical vulnerabilities in the EOS Blockchain surprising.
As previously written by BlockchainReporter on October 15, 2018, how hackers stole close to $33k from EOSbet Gambling dApp shortly after stealing $200k just a month prior.
To make things worse for EOS reports emerged on November 4, 2019, regarding research done by blockchain benchmarking firm Whiteblock which concluded that “EOS token is built on a complete centralized premise and lacks some of the blockchain’s key components like immutability.”
However, contrary to the trouble 2018, 2019 has been relatively better for EOS till now. BlockchainReporter informed its audience on January 18, 2019, how EOS transaction speed has surged by almost 35 percent after the successful release of EOSIO 1.6.