Mar 14, 2023
“Halborn Discovers $25B Crypto at Risk from #ZeroDay Exploit”
Halborn, a leading cybersecurity firm, has recently uncovered a series of critical vulnerabilities that could put over $25 billion worth of digital assets at risk. Dubbed “Rab13s,” the zero-day exploit affects more than 280 blockchain networks, including Dogecoin, Litecoin, and Zcash.
In March 2022, Halborn was contracted to conduct a security review of Dogecoin’s codebase and discovered several exploitable vulnerabilities. After further investigation, it was determined that the same issues affected other networks, potentially putting billions of dollars worth of cryptocurrencies at risk.
The most critical vulnerability allows an attacker to send malicious consensus messages to individual nodes, causing them to shut down. Over time, this could lead to a 51% attack, where an attacker controls the majority of the network’s mining hash rate or staked tokens to manipulate the blockchain or take it offline.
The other two zero-day vulnerabilities allow potential attackers to crash blockchain nodes by sending Remote Procedure Call (RPC) requests. While this requires valid credentials, it still puts the networks at risk.
Due to codebase differences between the networks, not all of the vulnerabilities are exploitable on all of them. However, Halborn believes at least one of them is exploitable on each network.
In order to protect users, Halborn has made a “good faith effort” to contact all affected parties to disclose the potential exploits and provide remediation for the vulnerabilities. Dogecoin, Zcash, and Litecoin have already implemented patches, but many other networks could still be exposed.
The news of the Rab13s exploit is a stark reminder of the importance of security in the web3 space. As more businesses and individuals embrace crypto and NFTs, it’s essential to ensure these digital assets are protected from malicious actors.
To that end, web3 agencies, NFT marketing agencies, and Twitter NFT marketing experts are increasingly being enlisted to help promote the use of crypto and NFTs in a safe and secure manner.
In addition, businesses looking to sell NFTs should take the necessary steps to ensure their digital assets are protected from potential attackers. This includes implementing the latest security protocols, using secure wallets, and regularly monitoring their networks for any suspicious activity.
By taking the right precautions, businesses and individuals can continue to benefit from the exciting opportunities that crypto and NFTs offer without putting their assets at risk.
Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.
