ME News reports that on August 30 (UTC+8), the decentralized oracle Switchboard announced that reports overnight suggested a potential compromise of its Switchboard network implementation built on the Move language. Contributors have coordinated with relevant teams and security organizations to suspend Switchboard network services on Aptos, Sui, Iota, and Movement. Switchboard stated that no similar compromise has been reported for its Solana implementation; however, out of an abundance of caution, users are advised to migrate to alternative solutions as soon as possible, at least temporarily, while the investigation is ongoing. Further details will be released shortly. (Source: Foresight News)
Switchboard Network Services Suspended on Aptos, Sui, Iota, and Movement Due to Security Concerns
KuCoinFlashShare
Summary
On August 30 (UTC+8), Switchboard announced a potential security vulnerability in its Move-based network implementation, prompting contributors to suspend services on Aptos, Sui, Iota, and Movement. Teams are collaborating with security partners to investigate the issue. No vulnerabilities were found in the Solana version; however, users are advised to consider upgrading their network or exploring alternative solutions during the review.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.