Sui Blockchain awards blockchain safety agency CertiK $500K CertiK for flagging a risk

• Sui awarded CertiK for figuring out a vulnerability dubbed “HamsterWheel” on Sui Blockchain.
• The “HamsterWheel” vulnerability traps nodes in an limitless loop just like hamsters jogging on a wheel.
• HamsterWheel assault demonstrates the evolving sophistication of threats to blockchain networks.

Sui Blockchain has awarded the blockchain safety firm CertiK a $500,000 bounty for figuring out a risk that might have introduced down your complete Sui layer-1 blockchain.

The recognized vulnerability is known as “HamsterWheel” and the CertiK workforce defined that the vulnerability was distinct from extra typical assaults that purpose to crash nodes and produce down blockchains.

HamsterWheel assault particulars

Just like hamsters operating on a wheel, the HamsterWheel assault traps nodes and permits them to hold out operations with out processing new transactions. The assault has the ability to paralyze networks and render them unusable.

Certick recognized the HamsterWheel vulnerability earlier than Sui’s mainnet launch at the start of Might 2023. Sui then went forward and applied fixes in response to the safety risk to protect towards the potential hurt that an assault may trigger to the blockchain.

Sui gave CertiK a $500,000 bounty as a thank-you for his or her efforts; emphasizing the worth of bug bounty packages and preventative safety measures.

Blockchain safety

In accordance with CertiK’s chief safety officer Kang Li, threats to blockchain networks are consistently altering. Li acknowledged that “the HamsterWheel assault’s discovery demonstrates the evolving sophistication of threats to blockchain networks.”

CerticK’s announcement states that further technical info might be launched and made accessible quickly. Moreover, as soon as all mitigations have been applied and totally examined, full reviews might be made public.