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BREAKING: We Finally Found a Bug That’s Not Completely Ruining Your Life, but Only if You Use This One Specific Product

A comic-style illustration showing a bug as a menacing creature lurking on a bridge, surrounded by warning signs and caution tape. The creature is about to jump off the bridge into a pool labeled 'Exploit' below. However, just above it, another smaller creature representing Circle's quick response stands guard with its arms outstretched, preventing the first creature from jumping in.

The ‘Wild West’ of Cryptocurrency: Where Bugs and Scammers Reign Supreme (Again).

Source: cointelegraph

On Aug. 27, Asymmetric Research revealed it identified a critical bug in Circle’s Noble-CCTP, a component of the USDC (USDC) Cross-Chain Transfer Protocol, on the Cosmos network. According to the Web3 security firm, a malicious actor could have potentially sidestepped the cross-chain transfer protocol’s message sender verification process to mint fake USDC tokens on the Noble bridge. More specifically, the Noble-CCTP “ReceiveMessage” handler was accepting “BurnMessages” from any sender without first […]

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