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CertiK Receives $500k For the Discovery of a Vulnerability in Sui Network

eurotrader | 2023-06-21 11:02

Abstract:Smart-contract audit company CertiK has been awarded the sum of $500k by Sui Foundation for the discovery of a potential attack vector on the Sui network.

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Smart-contract audit company CertiK has been awarded the sum of $500k by Sui Foundation for the discovery of a potential attack vector on the Sui network.

The firm discovered a vulnerability that a malicious smart contract can trigger, leading to an endless circle for the blockchains nodes, and paralysis of the network.

According to a press release from CertiK on June 19, the HamsterWheel attack is different from traditional attacks that shut down chains by crashing nodes. Instead, it works like something running on a hamster wheel by trapping all nodes in a state of ceaseless operation without processing new transactions.

It is capable of crippling entire networks and eventually making them inoperable. Chief security officer at CertiK, Kang Li, said that “the discovery of the HamsterWheel attack demonstrates the evolving sophistication of threats to blockchain networks”.

The Sui Foundation revealed that the identification of the bug will enable a team of developers to install two main measures capable of reducing the possible effect of a similar issue in the long run. They have rolled out fixes for the bug and a full technical report will be published later, said CertiK

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eurotrader
Company name:Eurotrade International Ltd
Score
5.94
Website:https://www.eurotrader.com/en/website-home
10-15 years | Regulated in Cyprus | Regulated in South Africa | Market Making License (MM)
Score
5.94

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Eightcap Regulation and Licenses: What You Need to Know About Safety and Risks

When choosing a broker, checking its regulatory status isn't just something to tick off a list - it's the foundation that protects your capital. For a global broker such as Eightcap, understanding its complex network of licenses is extremely important. This analysis goes deeper than surface-level claims, breaking down each license, what it means for you as a trader, and examining the gap between official credentials and growing user complaints. We'll provide a fact-based overview using verified records and investigations to give you a clear, honest picture of the protections and risks when trading with the Eightcap brand.

Original 2026-03-13 17:17

JustMarkets Review: Deposit Issues, Withdrawal Denials & Slippage Complaints Explained

JustMarkets, a Seychelles-based forex broker, has been marred by several negative user reviews concerning issues in fund withdrawals, deposit credit failures, and astounding losses due to heavy slippage. With no response from customer service on these issues, the situation for most traders has reportedly worsened. In this JustMarkets review article, we have investigated several complaints against the forex broker. Take a look!

Original 2026-03-13 17:00

FINRA Fines Arcadia Securities $40,000 for Net Capital Violations

The Financial Industry Regulatory Authority (FINRA) has fined Arcadia Securities LLC $40,000 for failing to comply with minimum net capital requirements, according to a settlement agreement announced this week.

Original 2026-03-13 15:59

FortressFX Review: Examining Reported Withdrawal Denials, Slippages & Account Blocks

Did you have to wait for a considerably long period to access fund withdrawals from FortressFX, a Comoros-based forex broker? Instead of processing your withdrawal request, did the broker block your account and prevent you from accessing your MT5 login? Have you faced a deposit credit failure on the FortressFX login? Are heavy slippages causing you massive capital losses? Many traders seemed to resonate with these issues by commenting about them on broker review platforms. In this FortressFX review article, we have investigated many complaints against this broker. Read on to know about these.

Original 2026-03-12 21:20

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