Qihoo 360, China’s largest internet security firm, has found bugs in the EOS mainnet, according to a tweet from cnLedger citing the company’s announcement.
The Chinese internet security giant claims that the blockchain’s vulnerability can let attackers remotely run arbitrary code on network nodes, subsequently gaining full control over them.
1/ Chinese Internet security giant 360 has found "a series of epic vulnerabilities" in the #EOS platform. Some of the bugs allow arbitrary code to be executed remotely on EOS nodes and even taking full control of the nodes.
— cnLedger [Not giving away ETH] (@cnLedger) May 29, 2018
Source (in Chinese): https://t.co/pt6nj6EodP
360 claims that it has already contacted EOS representatives, who promised to delay the mainnet’s launch until the problem was fully resolved. According to the statement, “the person in charge of the EOS network said that the EOS network will not be officially launched until these issues are fixed.”
Following the announcement, EOS (EOS/USD) began tanking - the cryptocurrency was down 7.76% to $11.11 at 10:35 (GMT+1).
The EOS tokens were initially released on the Ethereum platform to finance the project’s development - once fundraising was over, they would then be transferred to the main network. The tokens themselves have a limited lifespan - EOS tokens expire on June 2, 2018 at 12:59 (GMT+1), while eosDAC expire on June 1 at 12:59 (GMT+1).
By Nadya Astam