With its mainnet launch scheduled for the 2nd of June and an ongoing token swap, EOS continues to generate headlines in the cryptocurrency community – and now a new source from China has alleged that an unforeseen vulnerability may have compromised the flagship launch of the EOS network had it not been resolved.
In a new report, China’s largest internet security company – Qihoo 360 – has claimed that a latent vulnerability could enable hackers to hijack EOS network nodes. However, Chinese media outlet Jinse has correspondingly claimed that the EOS development team has now successfully isolated and resolved the issue.
1/ Chinese Internet security giant 360 has found “a series of epic vulnerabilities” in the #EOS platform. Some of the bugs allow arbitrary code to be executed remotely on EOS nodes and even taking full control of the nodes.
Source (in Chinese): https://t.co/pt6nj6EodP
— cnLedger [Not giving away ETH] (@cnLedger) May 29, 2018
Reportedly, Qihoo 360 had advised the EOS development team of the vulnerability’s presence at 1PM on May 28th, while the blockchain project’s lead maintainers had resolved the issue by 2PM the following day on May 29th.
In a report, Chinese media outlet Jinse revealed that:
“Recently, the 360 Vulcan team discovered a series of high-risk security vulnerabilities in blockchain platform EOS. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on the EOS node. That is, remote attacks can directly control and take over all nodes running on EOS.”
The report continued to outline that:
“Since the system of the node is completely controlled, the attacker can “do whatever it wants”, such as stealing the key of the EOS super node, controlling the virtual currency transactions of the EOS network; and acquiring other financial and privacy data in the EOS network participating node system — such as a user’s key stored in the wallet, key user profiles, privacy data, and more.”
The quick resolution of the issue likely means that EOS’ mainnet launch with now proceed without delay. However, not everything has gone to plan for the blockchain project.
Users holding ERC20-compatible EOS tokens will be required to register and exchange their holdings for EOS’ proprietary token ahead of the project’s mainnet launch. However, according to EOS Authority, only 47% of all ERC20-based EOS tokens in circulation have been registered at press time.
At press time, EOS is down 6.27% day-on-day, and trades at $11.28 USD.