In a significant development for blockchain security, CertiK, a renowned global blockchain security firm, has been awarded a generous $500,000 bounty by Sui for their pivotal role in discovering a critical vulnerability known as “HamsterWheel.”
The discovery of this vulnerability and subsequent resolution highlights the importance of proactive cybersecurity efforts and maintaining the resilience of blockchain ecosystems.
The “HamsterWheel” vulnerability posed a serious threat to the Sui blockchain network, with the potential to cause a complete shutdown by preventing the processing of new transactions. This unique attack allowed an attacker to induce an infinite loop in the validator node by submitting a small payload of approximately 100 bytes. Even after a reboot, the attack had the ability to create persistent damage, making it crucial to address promptly.
Sui, a Layer 1 blockchain network built on Move, has been gaining momentum since its launch in May. With a focus on incentivizing developers to build on its network, Sui has formed several partnerships, including its recent integration with OKX Web3 Wallet. The network has attracted a substantial user base, with 871,630 active addresses and over 2 million NFTs minted across 963 collections.
CertiK’s expertise and dedication to blockchain security played a crucial role in identifying and mitigating the “HamsterWheel” vulnerability. Their cutting-edge AI technology and commitment to staying at the forefront of security developments have positioned them as a trusted leader in the industry.
The collaboration between Sui and CertiK highlights the importance of robust security measures and proactive threat identification in the blockchain space. By awarding CertiK with a significant bounty, Sui demonstrates its commitment to maintaining a secure and resilient blockchain network.