{"id":21683,"date":"2023-06-19T13:41:09","date_gmt":"2023-06-19T13:41:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sui-blockchain-awards-blockchain-security-firm-certik-500k-certik\/"},"modified":"2023-06-19T13:41:09","modified_gmt":"2023-06-19T13:41:09","slug":"sui-blockchain-awards-blockchain-security-firm-certik-500k-certik","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sui-blockchain-awards-blockchain-security-firm-certik-500k-certik\/","title":{"rendered":"Sui Blockchain awards blockchain security firm CertiK $500K CertiK"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687179846424-8b7cb0da-3042-4e39-871b-5e997dc9c09f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687179846424-8b7cb0da-3042-4e39-871b-5e997dc9c09f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687179846424-8b7cb0da-3042-4e39-871b-5e997dc9c09f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687179846424-8b7cb0da-3042-4e39-871b-5e997dc9c09f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Sui awarded CertiK for identifying a vulnerability dubbed \u201cHamsterWheel\u201d on Sui Blockchain.<\/li>\n<li>The \u201cHamsterWheel\u201d vulnerability traps nodes in an endless loop similar to hamsters jogging on a wheel.<\/li>\n<li>HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks.<\/li>\n<\/ul>\n<p>Sui Blockchain has awarded the <a href=\"https:\/\/coinjournal.net\/news\/tag\/blockchain\/\">blockchain<\/a> security company CertiK a $500,000 bounty for identifying a threat that could have brought down the entire Sui layer-1 blockchain.<\/p>\n<p>The identified vulnerability is called \u201cHamsterWheel\u201d and the CertiK team explained that the vulnerability was distinct from more conventional attacks that aim to crash nodes and bring down blockchains.<\/p>\n<h2>HamsterWheel attack details<\/h2>\n<p>Similar to hamsters running on a wheel, the HamsterWheel attack traps nodes and allows them to carry out operations without processing new transactions. The attack has the power to paralyze networks and render them unusable.<\/p>\n<p>Certick identified the HamsterWheel vulnerability before <a href=\"https:\/\/coinjournal.net\/news\/sui-iou-price-spikes-ahead-of-airdrop-mainnet-launch\/\">Sui\u2019s mainnet launch<\/a> at the beginning of May 2023. Sui then went ahead and implemented fixes in response to the security threat to guard against the potential harm that an attack could cause to the blockchain.<\/p>\n<p>Sui gave CertiK a $500,000 bounty as a thank-you for their efforts; emphasizing the value of bug bounty programs and preventative security measures.<\/p>\n<h2>Blockchain security<\/h2>\n<p>According to CertiK\u2019s chief security officer Kang Li, threats to blockchain networks are constantly changing. Li stated that \u201cthe HamsterWheel attack\u2019s discovery demonstrates the evolving sophistication of threats to blockchain networks.\u201d<\/p>\n<p>CerticK\u2019s announcement states that additional technical information will be released and made accessible soon. Additionally, once all mitigations have been implemented and thoroughly tested, complete reports will be made public.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/sui-blockchain-awards-blockchain-security-firm-certik-500k-certik-for-flagging-a-threat\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Sui awarded CertiK for identifying a vulnerability dubbed \u201cHamsterWheel\u201d on Sui Blockchain. The \u201cHamsterWheel\u201d vulnerability traps nodes in an endless loop similar to hamsters jogging on a wheel. HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks. Sui Blockchain has awarded [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":21684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21683"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21683"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21684"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}