1. PixelPlaygroundHome
  2. Web3 News

Potential Vulnerability Found in Cosmos Based Ethermint

• Web3 News • 109 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

Potential Vulnerability Found in Cosmos Based Ethermint

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

On April 14th, developers at Jump Crypto uncovered a potential vulnerability in Cosmos based Ethermint. This vulnerability could result in an eight digit loss of assets. Ethermint supports the use of Ethereum smart contracts in the Cosmo ecosystem, which provides attackers an opportunity to bypass specific contracts called handlers. This could potentially lead to theft of transaction fees and denial of service to users. However, upon receiving the report, the Evmos core development team and Cronos team immediately collaborated with Jump Crypto to resolve the issue.

What is Ethermint?

Ethermint is a blockchain project that merges the advantages of the Cosmos and Ethereum ecosystems. It was built to ensure that smart contracts could function on multiple blockchains. The smart contracts on Ethermint can access the decentralized applications (dApps), digital assets and other services found within the Ethereum network without facing high gas fees.

How Does Ethermint Work?

Ethermint runs on the Tendermint Core engine, which drives the Cosmos blockchain. It adapts the Ethereum Virtual Machine (EVM) to run on its network. This enhances interoperability between the Ethereum and Cosmos networks. The integration between EVM and Cosmos provides Ethermint its unique features like higher transaction processing speeds, a better smart contract system and lower block confirmation time.

The Potential Vulnerability

The Jump Crypto team discovered that handlers, a specific type of smart contract used in Ethermint, could be bypassed with a specific exploit. This could allow the attacker to receive transaction fees without executing a smart contract or drop all incoming transactions, giving a denial of service attack. In worst-case scenarios, this vulnerability could lead to the theft of funds and assets.

Response to the Vulnerability

Upon receipt of the report, the Evmos core development team and Cronos team worked alongside Jump Crypto on dealing with the potential vulnerability. The priority of the teams was to create a fix for the issue as soon as possible to prevent any further vulnerabilities.
The fix for the potential vulnerability involves upgrading the EVM of Ethermint to the latest Solidity version. The upgrade will ensure that smart contracts function correctly and protect users from further damage. Additionally, there will be an increased focus on the testing and quality assurance processes to prevent such incidents in the future.

Conclusion

In conclusion, vulnerabilities like the one found in Ethermint can result in significant losses to investors and funds. Prompt action and collaboration between developers and security researchers can avoid any potential threats to the network. Ethermint’s desire to merge Cosmos and Ethereum’s infrastructure provides an exciting opportunity for the crypto space, but only if measures are taken to combat potential vulnerabilities.

FAQs

**Q. What kind of vulnerabilities can threat Ethermint’s ecosystem?**
Ethermint’s ecosystem faces the same potential threat as any blockchain projects, including smart contract exploits, injection flaws or buffer overflows.
**Q. What were the potential effects of the vulnerability?**
The potential effects came in two forms: transaction fee theft and denial of service attacks. These could result in significant asset losses.
**Q. What measures can users take to avoid losses on Ethermint?**
Users should follow security best practices of using a trustworthy wallet and not sharing their private keys or passwords. They should also keep track of any security announcements and upgrades made by the development team.
#

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/14518/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 04/14/2023 06:53
Next 04/14/2023 06:58

Recommended articles