🚀 Taiko Network Experiences Brief Downtime Due To Contract Upgrade
#TaikoNetwork #Downtime #Mainnet #ContractUpgrade #ZKVerification #NetworkMaintenance #Blockchain #Crypto
According to Odaily, Taiko announced on X that its mainnet experienced a 30-minute downtime at 02:45 UTC (10:45 UTC+8) during a contract upgrade aimed at optimizing ZK verification and increasing coverage. The issue was caused by an ABI problem, which has since been resolved, and the network is now operating normally. Taiko expressed apologies for the inconvenience and is taking steps to prevent similar incidents in the future.#TaikoNetwork #Downtime #Mainnet #ContractUpgrade #ZKVerification #NetworkMaintenance #Blockchain #Crypto
🚀 Bybit Attack Attributed To Outdated Safe Contract Version
#Bybit #cybersecurity #SlowMist #SafeContract #attack #GuardMechanism #assetSecurity #contractUpgrade #whitelisting #fundReception #ACLVerification
According to Odaily, cybersecurity firm SlowMist has analyzed the recent attack on Bybit, attributing it to the use of an outdated Safe contract version (v1.1.1). This version lacked the critical Guard mechanism necessary for protection. SlowMist suggests that if Bybit had upgraded to version 1.3.0 or higher and implemented appropriate Guard mechanisms, including whitelisting unique addresses for fund reception and enforcing strict contract function ACL verification, the losses might have been prevented. Although this is a hypothetical scenario, SlowMist emphasizes that it offers valuable insights for future asset security management.#Bybit #cybersecurity #SlowMist #SafeContract #attack #GuardMechanism #assetSecurity #contractUpgrade #whitelisting #fundReception #ACLVerification