“While this vulnerability has existed in ibc-go since the beginning, it only became exploitable due to recent developments in the Cosmos SDK ecosystem,” Asymmetric said in a blog post published Tuesday. The vulnerability was unlocked with the advent of “IBC middleware” – third-party applications built using CosmWasm, a WebAssembly-based smart contract runtime, that allows tokens to be used across blockchains.

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• Source: https://www.coindesk.com/tech/2024/04/23/patched-cosmos-bug-couldve-put-150m-at-risk-says-firm-that-reported-it/?utm_medium=referral&utm_source=rss&utm_campaign=headlines