Ethical Hackers Found a Way to Break a $70 Billion Blockchain - With a $3,000 Budget...

3 weeks ago 12

Rommie Analytics

Turns out you don't need a nation-state budget to threaten a multi-billion dollar blockchain. You need about $3,000 and a very good weekend.

That is the uncomfortable lesson from a disclosure that went public on July 4, when security firm Hexens revealed a critical flaw it found in Aptos back in February. The bug lived inside the Move virtual machine, the engine that runs every smart contract on the chain, and it was serious enough that Hexens put the first-order systemic risk at roughly $70 billion. For a network that markets itself on speed and safety, that is not a number anyone wants attached to their name. The...

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