Potential Vulnerability Found in Cosmos Based Ethermint: A Developer’s Nightmare

On April 14th, developers of Jump Crypto discovered a potential vulnerability in Cosmos based Ethermint, which could result in eight digit asset losses. Ethermint supports the use of Ethereum smart contracts in the Cosmo ecosystem, which could allow attackers to bypass specific contracts called handlers, leading to theft of transaction fees and denial of service to users. After receiving the report, the Evmos core development team and Cronos team immediately collaborated with Jump Crypto to resolve the issue.

Developers discover potential vulnerabilities in Cosmos based Ethermint

Table 1: Outline
1. Introduction
– Brief on the potential vulnerability discovered in Cosmos based Ethermint
2. Understanding Ethermint and Ethereum Smart Contracts
– Definition and functionality of Ethermint
– Explanation of Ethereum Smart Contracts and their use in the Cosmo ecosystem
3. The Discovery of the Potential Vulnerability
– How Jump Crypto developers discovered the issue
4. The Impact of the Vulnerability
– How the vulnerability could result in eight digit asset losses
– How transaction fees could be stolen and users could be denied access
5. Collaboration to Resolve the Issue
– How the Evmos core development team, Cronos team and Jump Crypto collaborated to resolve the issue
6. Conclusion
– Recap of the potential vulnerability discovered and the measures taken to resolve the issue
Table 2: Article
# Potential Vulnerability Found in Cosmos Based Ethermint: A Developer’s Nightmare
On April 14th, developers of Jump Crypto discovered a potential vulnerability in Cosmos based Ethermint, which could result in eight digit asset losses. Ethermint supports the use of Ethereum smart contracts in the Cosmo ecosystem, which could allow attackers to bypass specific contracts called handlers, leading to theft of transaction fees and denial of service to users. After receiving the report, the Evmos core development team and Cronos team immediately collaborated with Jump Crypto to resolve the issue.

Understanding Ethermint and Ethereum Smart Contracts

In order to understand the potential vulnerability that was discovered, it is important to first understand Ethermint and Ethereum Smart Contracts.
Ethermint is a software module that allows Ethereum Virtual Machine (EVM) based smart contracts to be executed on the Tendermint consensus engine. This means that developers can use the solidity programming language, which is used to write smart contracts on the Ethereum blockchain, to build decentralized applications (dApps) on the Cosmos network.
Ethereum Smart Contracts, on the other hand, are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They can facilitate, verify, and execute the negotiation and performance of a contract without the need for intermediaries.

The Discovery of the Potential Vulnerability

According to a report released by Jump Crypto, the potential vulnerability that was discovered by their developers was related to the use of Ethereum Smart Contracts on Ethermint. Specifically, an attacker could bypass certain handlers, which are contracts that are responsible for processing transactions to be executed via the Cosmos SDK. This could lead to the theft of transaction fees and denial of service to users.
Jump Crypto developers were able to identify the vulnerability through a combo of audits and code reviews, which showed that the handlers were not configured in a way that they could actually process the transactions.

The Impact of the Vulnerability

The potential vulnerability discovered by Jump Crypto has the potential to cause significant losses to investors and developers using Ethereum Smart Contracts on the Cosmos network. In fact, experts estimate that this vulnerability could result in an eight-digit loss in assets.
In addition to this, the vulnerability could also lead to the denial of service to users, which would be particularly damaging to any dApps that depend on timely transaction processing. If left unaddressed, the vulnerability could have led to widespread disruption in the Cosmos ecosystem.

Collaboration to Resolve the Issue

Upon receiving the report, the Evmos core development team and Cronos team immediately started collaborating with Jump Crypto to resolve the issue. The teams worked together to identify the root cause of the issue and to create a patch to fix the vulnerability.
According to a statement released by the Evmos team, the patch has been tested and verified to resolve the issue. The team also recommended that all developers using Ethermint on the Cosmos network update to the latest version in order to ensure the security of their applications.

Conclusion

In conclusion, the potential vulnerability discovered by Jump Crypto in Cosmos based Ethermint highlights the importance of thorough code reviews and security audits in software development. It also emphasizes the need for quick and effective collaboration between development teams to address vulnerabilities as soon as they are discovered.
Ultimately, the timely identification and resolution of this vulnerability by the Evmos core development team, Cronos team and Jump Crypto, ensures the continued security and stability of the Cosmos network for developers and investors alike.

FAQs

1. What is Ethermint?
– Ethermint is a software module that allows Ethereum virtual machine (EVM) based smart contracts to be executed on the Tendermint consensus engine.
2. How did Jump Crypto discover the potential vulnerability in Ethermint?
– The vulnerability was discovered through a combo of audits and code reviews conducted by Jump Crypto developers.
3. Can the potential vulnerability lead to asset losses?
– Yes, experts estimate that the vulnerability could result in an eight-digit loss in assets.