HomeBitcoin NewsOptimism points a $2M bounty reward for important bug identification

Optimism points a $2M bounty reward for important bug identification

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Builders from Optimism, a layer 2 scaling resolution on Ethereum, have introduced the identification of a “important bug.” The builders additionally clarified that this bug has since been patched.

White hat & iOS jailbreak dev uncover Optimism bug

The bug in query might have allowed a hacker to create Ethereum in an Optimism account. The bug was initially recognized by a white hat hacker and an iOS jailbreak software program developer, Jay Freeman.

Freeman stated that this large might have allowed the “attacker to duplicate cash on any chain utilizing their ‘OVM 2.0’ fork of go-ethereum.” Following this discovery, Freeman was awarded a $2 million bounty, which is likely one of the largest ones so far.

Optimism additionally printed a weblog publish stating {that a} community evaluation had proven that the bug had not been exploited. Nevertheless, there was an incident with an Etherscan staffer, however “no usable extra was generated.”

“A repair for the difficulty was examined and deployed to Optimism’s Kovan and Mainnet networks (together with all infrastructure suppliers) inside hours of affirmation,” the workforce stated. Furthermore, the workforce thanked those that responded promptly to repair the bug. It additionally stated it had “alerted a number of susceptible Optimism forks and bridge suppliers to the presence of the difficulty. These tasks have all utilized the required repair.”

Vulnerabilities ignited by protocol adjustments

In the direction of the top of final 12 months, Optimism removed its whitelist to allow builders to construct tasks on the Optimism community. When this whitelist was up, Optimism was solely accessible to particular tasks. Whereas this course of was limiting, builders might detect and type out the bug.

Optimism is a layer two scaling resolution on the Ethereum blockchain. It makes use of optimistic rollups to deal with transactions out of the Ethereum blockchain. This lowers the transaction prices and boosts speeds on the Ethereum community.

Nevertheless, the vulnerability on Optimism has proven that layer two networks are vulnerable to vulnerabilities as they’re nonetheless below improvement, which poses a danger to customers.

MakerDAO has additionally introduced an identical bounty. The protocol will problem a $10M most bounty to any white hat to detect potential threats on the platform. That is the most important bug bounty hosted on Immunefi, a bug bounty platform. As the chance of hacking threats grows, protocols have been vigilant to make sure their networks aren’t compromised.

Your capital is in danger.

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