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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

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    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    NFT sales surge to $574 million in July, second-highest in 2025

    NFT sales surge to $574 million in July, second-highest in 2025

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    Crypto Scammer Gets Prison Time for Swiping NFTs, Coins via Hacked X Accounts

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    CryptoPunks price surges to $200k, $PUNKS loaner Gondi accused of facilitating chandelier bids

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

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    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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    NFTs at Your Fingertips: Inside Japan’s NFT Vending Machine Trend

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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Home Web 3

Chainlink VRF vulnerability thwarted by white hat hackers with $300K reward

November 15, 2023
in Web 3
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Chainlink VRF vulnerability thwarted by white hat hackers with $300K reward
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IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

Enhancing Security in Online Gambling with Blockchain Technology

Decentralized oracle network Chainlink (LINK) paid a $300,000 bounty to white hat hackers Zach Obront and Or Cyngiser (Trust), who uncovered a critical bug that could have skewed its Verifiable Random Function (VRF).

The bug

VRF is a random number generator (RNG) that allows smart contracts to access random values without compromising security.

The product is used by several crypto projects, including Axie Infinity, PancakeSwap, and Aavegotchi, to protect their smart contract with tamper-proof randomness that cannot be manipulated and ensure verifiable outcomes using cryptographic proofs.

Last year, Trust and Obront submitted a report on how a malicious VRF subscription owner could have prevented users from getting this neutral randomness roll by blocking and rerolling randomness until they received a desired value.

According to the Chainlink team, this bug was categorized as a critical-impact smart contract vulnerability, adding that:

“While it could compromise Chainlink VRF’s intended use of providing transparently verifiable tamper-resistant onchain randomness, the exploitable scenario required a number of specific conditions to be met and would be detectable onchain. Most notably, the subscription owner—a role typically controlled by the team behind the dApp using VRF—must be malicious or compromised.”

Following the incident, Chainlink implemented a security feature to prevent malicious VRF owners from exploiting the issue.

Chainlink enjoying institutional interest

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) technology has seen an increase in adoption from adoption from major traditional institutions.

The global financial messaging network Swift used the technology in a tokenization experiment that involved the transfer of tokens across multiple blockchains in August. South Korean gaming giant also used it to power an interoperable Web3 gaming ecosystem in October.

See also  Industrial Noise Control Market Size, Growth Drivers, and Forecast 2024-2031

Also, Hong Kong authorities adopted it for value exchange in its Central Bank Digital Currency (CBDC) trials.

As a result, Chainlink’s native LINK token and Grayscale’s Chainlink Trust (GLNK), an institutional investment vehicle, have seen their value surge to new highs.

Tags: 300KChainlinkHackershatrewardthwartedVRFvulnerabilitywhite

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Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

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