A hacker exploits a technical vulnerability and succeeds in stealing 30,000 EOS cryptocurrencies
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer A hacker exploits a technical vulnerability and succeeds in stealing 30,000 EOS cryptocurrencies
A hacker has managed to steal 30,000 EOS units worth $120,000 at the time of writing.
The hacker exploited a technical vulnerability in a decentralized gambling application that runs on the EOS network
And by exploiting network congestion, as well as employing a significant computer processing, he exploited all of this to his advantage by choosing the appropriate timing and implementing his trick, according to what was stated in Source.
In more detail, the hacker rented a large amount of CPU from the REX trading platform on the EOS network.
Employing his possessions, he attacked the decentralized game contracts and controlled the pricing of all other usage transactions.
Read:CoinEx launches take profit and stop loss feature in contract trading to improve trading efficiency
With the congestion of the network, the hacker was able to determine the winning conditions in his favor and change them in the smart contract of the decentralized application to make him a winner every time, and by virtue of his computing power and network congestion, which makes processing the winning conditions to be verified later, he was able to withdraw 30,000 EOS units.
The EOS platform and network is one of the preferred platforms for decentralized application developers as they prefer it over the Ethereum network.
Most of the decentralized applications on EOS are gambling applications.
According to some recent reports, which indicate that many of the transactions that occur on the network are bots.
New report says 75% of EOS transactions in DApps are ‘fake’
The EOS network has been attacked more than once as being centralized and run by the Chinese government.
Some cited the ranking list prepared by the Chinese Information and Industry Development Center in cooperation with the Ministry of Industry and Technology, which presents the EOS project every time to advanced ranks that precede several large projects (Bitcoin Stellar…)
Read:Nothing new… the SEC delays ETF decision
The Chinese government reveals its new assessment of blockchain networks. EOS continues to lead
Read also:
Block.One Launches a Social Platform on the EOS Blockchain
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time