Cosmos Developers Patch Serious Flaws in IBC Protocol, Protecting $126 Million in Assets

Cosmos developers have successfully fixed a serious security vulnerability in the Inter-Blockchain Communication (IBC) protocol that put at least $126 million worth of assets at risk, according to a private notification from Asymmetric Research. This flaw, which has existed in the protocol since its launch in 2021, has recently become exploitable with the introduction of new code base developments (…)