EOS Will See 'Large Trade Hack' This 12 months, Cornell Professor Says – Bitcoinist.com

EOS Will See 'Massive Exchange Hack' This Year, Cornell Professor Says - Bitcoinist.com

EOS would be the sufferer of a “huge” change hack this 12 months, developer and pc science professor at Cornell College, Emin Gün Sirer, has mentioned.

Hackers Will Exploit EOS ‘Vulnerability’

In a collection of tweets June 18, the well-known cryptocurrency commentator claimed that in mild of the tasks teething troubles and governance mannequin, a “vulnerability” will permit malicious events to use EOS within the close to future.

EOS, which accomplished a record-breaking $four billion ICO earlier this month, suffered a full service outage over the weekend in a shock incidence which shook market confidence.

“I’m calling it: there might be an enormous change hack inside the subsequent 12 months, benefiting from an EOS vulnerability” Sirer started.

“That change will lose its sizzling pockets. Hackers will ship the proceeds to downstream exchanges, the place they are going to commerce into different cash.”

The Drawback With ‘Patch-As-You-Go’

As Bitcoinist has reported in and the run-up to and aftermath of the ICO, EOS has confronted mounting criticism over numerous facets of each its administration, claims of decentralization, and EOS token.

This has included doubts over the token’s true validity, the enormous ICO contrasting with formal admission within the venture’s whitepaper that it serves no distinct goal.

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