EOS Platform Vulnerabilities Detected by 360, Chinese Internet Security Giant

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Tue, 05/29/2018 - 08:25
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Yuri Molchan
Chinese IT-company has spotted serious breaches in the EOS network
EOS Platform Vulnerabilities Detected by 360, Chinese Internet Security Giant
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The engineers of 360 wrote on the popular Chinese social media Weibo that through some of those vulnerabilities it is possible to remotely execute an arbitrary code on any EOS node.

In other words, through remote attacks, it is possible to gain control over the whole EOS system.

360 already informed EOS management. Taking into account that there are just a couple of days to go before the mainnet launch, this could seriously change the platform’s plans.

However, according to the company officials, the EOS mainnet will not be switched on until these problems are eliminated.

Dangerous Blockchain breaches

The presence of security breaches in virtual currencies can have a worse impact than when it comes to ordinary software. On a fully decentralized platform like EOS, a vulnerability attacked in one node can influence the whole network through the interconnected nodes so that thousands of computers will be attacked.

Hackers responsible for those attacks can send a smart contract infected with a virus across the whole platform.

Various other negative consequences can follow unless these issues are fixed as quickly as possible.

CryptoComes has contacted the EOS officials and asked them to clarify the situation and how they are proceeding with solving the unexpected problem.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.