White hat hackers protected the TRON blockchain from a potential vulnerability that could have impacted $500 million in a multi-sig.
In the realm of Web3, bad actors are constantly seeking to exploit vulnerabilities and steal funds. But white hat hackers stepped in as the heroes by actively identifying and reporting vulnerabilities to the respective teams, effectively thwarting any potential exploits.
White Hat Hackers Received Bounty From TRON
According to dWallet Labs’ cybersecurity team, TRON’s native multi-sig had a critical vulnerability that put $500 million at risk.
After discovering the vulnerability, the team reported it to TRON on Feb. 19 Finally, TRON was able to fix the vulnerability and offered the white hat hackers a bounty in reward.
How Does Multi-Sig Work?
In layman’s terms, a multi-sig account requires consent in the form of blockchain signatures from multiple wallets. Generally, there are two elements:…
