CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Popular Altcoin Network Security Vulnerability Fixed at the Last Minute! Here Are the Details
Table of Contents
Market Musing-g

Popular Altcoin Network Security Vulnerability Fixed at the Last Minute! Here Are the Details

Bitcoin Sistemi EN
By Bitcoin Sistemi EN
Created 7 months ago, last updated 7 months ago
2 mins read
Popular Altcoin Network Security Vulnerability Fixed at the Last Minute! Here Are the Details

Solana developers, validators, and client teams successfully addressed a critical vulnerability by gaining support from a large majority of network members before publicly disclosing the issue. This coordinated effort ensured that the vulnerability could not be exploited.

Solana Developers Fix Critical Vulnerability

On August 7, 2024, Solana developers began addressing a serious vulnerability in the network.

The Solana Foundation initially contacted network operators through private channels to ensure the patch could be applied discreetly and securely. This strategic move was aimed at preventing potential exploitation of the vulnerability.

Developed by an Anza engineer and made available through a GitHub repository, the patch allowed network operators to independently verify and apply the necessary updates.

By 5:00 PM on August 8, detailed instructions for applying the patch had been distributed to stakeholders, securing 66.6 percent of the network.

The vulnerability was made public after 70% of the network had successfully applied the patch. Solana Labs then issued an urgent announcement on Discord, urging all remaining operators to update their systems immediately. The statement reads:

“Core contributors have identified a network security issue that requires immediate attention. The v1.18.21 patch will be available in 30 minutes. Please be prepared to upgrade as soon as the announcement is sent.”

This coordinated effort highlights the proactive measures taken by Solana's developers and validators to ensure network security and stability.

*This is not investment advice.

Continue Reading: Popular Altcoin Network Security Vulnerability Fixed at the Last Minute! Here Are the Details

57 views
0 likes
|

Other articles published on Aug 9, 2024

Market Musing-g

Destressed victims of WazirX Hack release video, demand release of 55% funds

A distressed victim of WazirX Hack, India’s biggest crypto hack case amounting to Rs 2000 crore, has posted a video of his father being admitted in intensive care unit of a private hospital in Indi...
By The Crypto Times
7 months ago
4 mins read
Market Musing-g

Nexera Cyberattack Sees $2.9 Million in Tokens Stolen

In a shocking turn of events, Nexera, a blockchain infrastructure provider, has fallen victim to a significant cyberattack, leading to the theft of $2.9 million worth of tokens. The Nexera Cyberatt...
By The Bit Journal
7 months ago
5 mins read
Market Musing-g

Ripple Starts Testing New Stablecoin

Ripple described the limited launch of its much-hyped stablecoin product as a "significant milestone"
By U_Today
7 months ago
2 mins read
Market Musing-g

Bitcoin Gains Momentum After Early Week Decline

Bitcoin gained momentum after a sharp decline early in the week. US markets' strong performance positively affected the cryptocurrency market. Continue Reading:Bitcoin Gains Momentum After Early We...
By COINTURK NEWS
7 months ago
3 mins read
Market Musing-g

The Curious Case of RTR Token: How Millions Were Lost Overnight

A $155M surge fueled by hype and insider trading ends in a catastrophic 99% crash, leaving investors with devastating losses.
By The Crypto Times
7 months ago
5 mins read
Market Musing-g

Ethereum Price Analysis: Is Another Correction Imminent for ETH or is $3K in Sight?

Ethereum’s price has been rapidly declining over the last couple of weeks since the rejection from the $3,500 resistance level. However, the price might find a bottom soon. Technical Analysis By Tr...
By CryptoPotato_News
7 months ago
3 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!

Network error, please try again. code: 429