Polygon (MATIC) has efficiently identified and corrected a protection vulnerability that can result in huge harm to the network.
As uncovered on October 21 by Immunefi, a protection services that specializes in offering bug rewards, Polygon’s Plasma Bridge crosschain platform was at threat of theft of up to $ 850 million. The protection flaw in Plasma would permit an attacker to repeat withdrawals from the venture up to 223 instances, threatening the total volume of money contained therein.
As promised, we broke a different record. @ g3rh4rdw4gn3r uncovered a bug in @ 0xPolygon‘s plasma bridge which could have resulted in a reduction of $ 850 million if exploited.
The bounty payment is the greatest: $ two million.
Bug fixed. Everyone is secure!
A authentic win for all people.https://t.co/1fqd4ul3uO
– Immunefi (@immunifi) October 21, 2021
Fortunately, this vulnerability was identified and reported by a white hat hacker named Gerhard Wagner on October 5th. Polygon then researched the dilemma and efficiently solved it. This individual was later on awarded a $ two million bounty from Polygon, the greatest ever for an personal.
Wagner speculates that the vulnerability stems from the reality that Plasma Bridge “copied the code of another project without knowing 100% what it could do”.
If the aforementioned vulnerability is not identified sooner, it could be exploited by the poor guys and could make Polygon the greatest cryptocurrency assault in background at $ 850 million.
Synthetic currency 68
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