https://cryptoadventure.com/white-hat-hacker-awarded-2-million-for-fixing-eth-creation-bug/ Skip to content Crypto Adventure search iconsearch icon Advertise with us * Discover arrowarrow Live Prices Bitcoin live priceBitcoin live price Btc Bitcoin $42.385 price [svg][increase]0.36573% price change Ethereum live priceEthereum live price Eth Ethereum $2.898,4 price [svg][decrease-a]0.66858% price change Tether live priceTether live price Usdt Tether $1,001 price [svg][decrease-a]0.11657% price change Binance Coin live priceBinance Coin live price Bnb Binance Coin $400,44 price [svg][decrease-a]0.75669% price change DISCOVER ALL CRYPTOCURRENCIES arrow rightarrow right Wallets arrow rightarrow right Hunting for a reliable crypto wallet? We've filtered out a list of top digital wallets in terms of security, user experience, and cost. 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Start learning about them here! * News * Research [svg][Cat] DYP NFT Whitelist Cats and Watches Society Search search iconsearch icon Advertise with us logo cryptologo crypto Close search close iconclose icon [ ] Live prices See more arrow rightarrow right Rank Cryptocurrency Price 7 days 24 hours trading Marketcap change volume Topics See more arrow rightarrow right Tags Weekly Crypto Market Analysis Weekly Market Analysis WMA Tags Weekly Crypto Market Analysis Weekly Market Analysis WMA WMA: Bitcoin Defends $42k Level and XRP Surges as the Market Shrinks Get the weekly summary of crypto market analysis, news, and forecasts! This Week's Summary The Crypto Market ends the week at a total market capitalization of $1,892 trillion. Bitcoin is up by almost 2% after a short-lived bull run this week. Ethereum decreased by over 4% to trade again below $3,000. XRP is up by more than 20% after a good run over the past seven days. Almost all altcoins are trading in the red after a highly volatile week.... [svg][482-96x96] Iulian Lesanu 5 hours ago views iconviews icon125 views Tags Invest NFT P2E Play-to-Earn Tags Invest NFT P2E Play-to-Earn Top 5 Play-To-Earn (P2E) Tokens to Invest In 2022 Introduction In 2022, you can earn a consistent income by playing a wide range of video games. Contrary to naive misconception, video games are no longer limited to traditional content creators or e-Sport athletes. Through P2E or play-to-earn, gamers can monetize their actual playing time through buying or selling in-game NFTs. When the average gamer completes objectives, the exchange of crypto rewards comes into play. You may not be aware of it, but many people got into NFTs and crypto... 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The potential glitch got the attention of developers at Ethereum through an Ethical Hacker, Jay Freeman, who discovered flaws in the code and saved the network from significant theft risks. The bug, now curtailed, was reportedly triggered by an Etherscan employee. Had the issue not been promptly... [svg][496c2fa6-d44] Daami PK 2 days ago views iconviews icon26.8 k views Tags Crypto Defi Invest Tags Crypto Defi Invest Top 10 DeFi Tokens To Invest In 2022 DeFi or decentralized finance tokens continue to be the center of attention in the crypto realm. Many individuals have started to make the most out of DeFi coins. After all, DeFi coins make it possible to address outdated issues in the financial sector. The truth is that DeFi coins have had consistent demand, and this trend continues to head in an upward direction. But once you're interested in investing in decentralized finance, the key is to choose the "right" DeFi... 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DeFi Liquidity Locker UNCX Visit siteFull review Airdrops see more arrow rightarrow right Cryptocurrency Est. value Ends in Rating Social Marketcap crypto airdropscrypto airdropsCoin98 x MarginATM Airdrop N/A 1 Days 100% claim now crypto airdropscrypto airdropsLegion Network Airdrop $5 1 Days 80% claim now crypto airdropscrypto airdropsCoinMarketCap x Liquidus Airdrop N/A 1 Days 80% claim now crypto airdropscrypto airdropsAugmented Finance Airdrop N/A 8 Days 80% claim now HomeiconiconFeatured on homepagearrowarrowNewsarrowarrowEthereumarrow arrowWhite Hat Hacker Awarded $2 Million for Fixing ETH-Creation Bug [svg][496c2fa6-d44] Daami PK 11 February 2022 update 11 February 2022 26.8 k views White Hat Hacker Awarded $2 Million for Fixing ETH-Creation Bug Share 26.8 k views Ethereum layer-2 solution, Optimism, fixed a major flaw that would have permitted an illegal and continuous creation of ETH tokens. According to sources, Optimism might have just solved a significant system vulnerability issue. The potential glitch got the attention of developers at Ethereum through an Ethical Hacker, Jay Freeman, who discovered flaws in the code and saved the network from significant theft risks. The bug, now curtailed, was reportedly triggered by an Etherscan employee. Had the issue not been promptly resolved, malicious users on the chain could have exploited the flaw. This means a cyber actor could have gained access to the unlimited generation of fresh ETH tokens. In a comprehensive blog post, Jay described precisely how this vulnerability could lead to the infinite duplication of the second most-valued cryptocurrency in the world. He explained that any developer on Ethereum's chain could automatically use one of its forks to create new tokens. Specifically, a continuous regeneration is triggered by running a SELF-DESTRUCT opcode command on a smart contract that once held ETH tokens. [svg][Cat] Cats and Watches Society Join DYP NFT! Swift Resolution of Bug by Optimism Luckily, Optimism restored the integrity of the network by fixing the bug on time before it exploited it. After receiving word about the issue, the development team implemented a fix on Kovan testnet and Optimism Mainnet in a matter of hours. Additionally, other affiliated forks and bridges to Optimism were alerted of the defect. So, as of now, Optimism and other related Ethereum projects are bug-proof. Following the bug's swift resolution, Optimism swiftly rewarded whistleblower Jay Freeman, an amount of $2 million. The recent award makes Freeman's bounty one of the highest ever recorded. However, a reasonable reward when one considers how much could have been lost had a malicious party caught on with the glitch. Additionally, the bonus gives developers an incentive to report code inconsistencies instead of exploiting them for selfish ends. System Integrity Issues Ravage Layer-2 Solutions Besides Optimism, other layer-2 rollups have been reported to suffer from technical weaknesses. December saw a popular scaling solution; Polygon silently tackled a bug that exposed 92% of MATIC tokens to malevolent parties. Luckily, two ethical hackers stepped up to notify the network and were rewarded $1.75 million each. A few months earlier, a whitehat hacker reported and identified a loophole that could have cost Polygon a billion dollars. Last week saw Ethereum bridge, Wormhole, lose more than $325 million. Layer-2 solutions have introduced significant scaling improvements amidst numerous benefits for users (such as reduced transaction fees). However, recent incidents hint that it might be at the cost of some security concerns. Ethereum live priceEthereum live price Eth Ethereum $2.898,4 price [svg][red-chart] [svg][decrease-a]0.66858% price change [svg][cookies]BUY NOW Of late, several DAOs (Decentralized Autonomous Organizations) are taking proactive approaches to curb glitches. Offering bounties to Whitehats to identify and report security loops remain a practical approach to salvage potential glitches in a smart contract. Stay up to date with our latest articles Your email [ ] [Let's Go] Leave this field empty if you're human: [ ] Tags ETH Bug ETH Hack Ethereum White Hat Hacker Join the crypto adventure [svg][dyp-NFT] Win One Brand New Rolex Daytona worth $40k! Join DYP NFT Whitelist Load More Crypto AdvertisementCrypto Advertisement Win One Brand New Rolex Daytona worth $40k! Join DYP NFT Whitelist crypto adventure logocrypto adventure logo None of the information you read on Crypto Adventure should be taken as investment advice. 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