All in Bits Uncovers Security Issues in Cosmos Hub’s Liquid Staking Module: Urgent Fixes and Audit Recommended

Quick Summary:

All in Bits, a software development company within the Cosmos ecosystem, has uncovered significant security concerns in the Liquid Staking Module (LSM) of Cosmos Hub, according to an announcement on GitHub.

The issues include critical vulnerabilities in the module’s design, a lack of independent audits for nearly 19 months, and troubling revelations regarding the code’s origins, with a large portion reportedly written by North Korean developers.

All in Bits also raised concerns about misrepresentations by Zaki Manian, co-founder of Iqlusion, along with a lack of transparency from key stakeholders, including the Interchain Foundation (ICF), Stride Labs, and Informal Systems.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaNorth Korea

Topics: Crypto News All in Bits

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 15:13:16 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23090150

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