Qihoo 360, a China-based security firm, has alleged that a set of weaknesses that may have delayed EOS’ upcoming mainnet launch if the issues had not been sold.
EOS keeps on attracting the interest of the crypto community with its mainnet set to be launched on the 2nd of June and an ongoing token swap. Recently a security from China has claimed that an unanticipated weakness could have postponed the launch of their network if it wasn’t resolved in due time.
Qihoo 360, the largest internet security company in China, released a new report in which it claimed that a hidden vulnerability could allow hackers to take over EOS network nodes. However, Jinse, a Chinese media outlet, has claimed that the EOS development team managed to single out and solve the problem.
Apparently, Qihoo 360 had told the project’s development team about the issue at 1 PM on May 28th, and the blockchain project’s lead developers had fixed the vulnerability by 2 PM the next day on May 29th.
“Recently, the 360 Vulcan team discovered a series of high-risk security vulnerabilities in blockchain platform EOS. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on the EOS node. That is, remote attacks can directly control and take over all nodes running on EOS,” revealed Chinese media outlet Jinse in a report.
“Since the system of the node is completely controlled, the attacker can “do whatever it wants”, such as stealing the key of the EOS super node, controlling the virtual currency transactions of the EOS network; and acquiring other financial and privacy data in the EOS network participating node system — such as a user’s key stored in the wallet, key user profiles, privacy data, and more,” the report read.
The swift resolution of the vulnerability indicates that the mainnet launch will occur as scheduled. But, the blockchain project did not have everything going according to plan.
Holders of ERC20-compatible EOS tokens have to register and exchange them for proprietary tokens prior to the project’s mainnet launch date. According to EOS spokesperson, just 47% of all ERC20 EOS tokens in circulation have been registered at the time the article was written.