Osmosis, a large decentralized exchange (DEX) in the Cosmos ecosystem, is down today. After a major bug in liquidity pools led to approximately $5 million in losses, core development teams and network validators suspended the chain at block #4713064.
This vulnerability was first discovered by a user on Reddit whoIt has now been deleted. It states that if someone adds funds to the Osmosis pool and withdraws, the position increases by 50%.
which from On-chain transactions showthat before the network stops Users have begun to exploit the vulnerability to extract funds from Osmosis, although the nature of the vulnerability is unclear, but the Osmosis team confirm thatThe bug allowed malicious users to withdraw approximately $5 million worth of assets from the liquidity pool.
“Liquidity pool not completely drained” developer fixes bug and determine the extent of the loss (Probably in the $5 million range) and recovery is ongoing,” said an official post from the Osmosis team.
due to the interruption of the chain causing Osmosis DEX And the original wallet is still not available at this time. And now the team is working to release a patch before the network can restart.
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