Major Flaw in Sui Network Discovered by CertiK

Dangerous Crypto Bug

The Sui (SUI) network, a relatively new altcoin, had a major flaw that could potentially bring down the entire system. CertiK, a research bureau, discovered the bug before the SUI network went live. This bug caused an infinite loop that would overload the site when triggered by a smart contract. The CertiK team fixed the bug and made changes in the code to prevent similar cases in the future. The vulnerability, named “HamsterWheel” by CertiK, was so significant that it could have caused permanent damage to the system.

Developers Sui Grateful

The Sui Foundation’s team is grateful for the discovery done by CertiK. The launch of the Sui network went smoothly due to the bug bounty program implemented by Sui. Bugs and vulnerabilities are promptly addressed thanks to this program, and researchers can receive rewards of up to half a million dollars. The CertiK research team was generously rewarded with $500k for their findings.

Sui is a Proof-of-Stake (PoS) blockchain developed by Mysten Labs. It is similar to Ethereum (ETH) and utilizes smart contracts. Despite experiencing a 70% drop in value after its launch, Sui is expected to become a major player in the market. The developer, Mysten Labs, raised $300 million in investment through an investment round.

Conclusion

The discovery of the dangerous bug in the Sui network by CertiK was crucial in preventing potential harm to the system. This incident highlights the importance of thorough testing and bug bounty programs in the crypto industry. Developers like Sui are grateful for the efforts made by researchers and reward them generously. With continuous advancements in network security, the crypto industry can evolve and thrive.

Sources

1. CertiK (blog): “HamsterWheel Attack” – https://example.com/hamsterwheel-attack

2. Twitter: CertiK (@CertiK)