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EOS Nears End Of $4B ICO, CTO Larimer Patches Vulnerability

By

Matthew

De Silva

WriterETHNews.com

Mo’ money, mo’ problems. EOS addresses possible vulnerabilities ahead of platform’s official launch.

In the next few days, startup block.one will reportedly conclude an estimated $4 billion initial coin offering (ICO) for its blockchain platform, EOS. Although the EOS fundraiser is widely recognized as one of the world's largest ICOs, block.one has provided little information about how the Cayman Islands-based company plans to utilize its cryptocurrency wealth.

Ahead of its mainnet launch, planned for June 2, 2018, founder and chief technology officer Dan Larimer appealed to the blockchain community for help finding and resolving potential bugs in EOS.

Today, a post on Weibo stoked fears as Chinese internet security company Qihoo 360 warned that it "discovered a series of high-risk security vulnerabilities in blockchain platform EOS." However, upon closer examination, it appears that the alleged vulnerability has now been repaired.

On the Qihoo 360 Technology Blog, security researchers Yuki Chen and Zhiniang Peng detailed a contract bug and posted screenshots of a Telegram conversation that they had with Larimer. The block.one CTO promised not to ship the EOS code without patching the vulnerability. An inspection of the EOS GitHub reveals that in the last day, Larimer (whose screen name is bytemaster) opened and closed issue #3498, which seems to have dealt with the problem.

Note: ETHNews does not endorse the block.one ICO or any initial coin offering. We encourage our readers to diligently research all potential investments.

Matthew De Silva

Matthew is a full-time staff writer for ETHNews with a passion for law and technology. In 2016, he graduated from Georgetown University where he studied international economics and music. Matthew enjoys biking and listening to podcasts. He lives in Los Angeles and holds no value in any cryptocurrencies.

ETHNews is committed to its Editorial Policy

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