Express

Komodo Hacks Own Platform To Save Users Millions

Ramsey Baker

Summary: Komodo, a startup blockchain was forced to hack their own platform to save their users $13 million worth of cryptocurrency, according to ZDNet. The Komodo team was warned by security researchers of a backdoor that could cost users their money. Komodo acted fast on the news and instead hacked themselves finding whatever coins were vulnerable ...

Komodo, a startup blockchain was forced to hack their own platform to save their users $13 million worth of cryptocurrency, according to ZDNet. The Komodo team was warned by security researchers of a backdoor that could cost users their money. Komodo acted fast on the news and instead hacked themselves finding whatever coins were vulnerable on the site and transferring them to safe and secure wallets the team controls.

Author: Ramsey Baker

Last Update:

Tags: ,,,,,
Link: Komodo Hacks Own Platform To Save Users Millions   [Copy]
  • The Endgame of Layer 2s, Explained 1 days ago
  • The Bitcoin Halving is Complete! What’s Next? 9 days ago
  • Runes on Bitcoin: The Next Big Opportunity? 11 days ago
  • Uniswap Sued by SEC: What Does it Mean for the Future of DeFi? 16 days ago
  • The Value of Web3 Social, Explained 17 days ago
  • You need to login to comment.