Privacy-focused protocol Secret Network β intended to be anonymous and confidential β has disclosed a security vulnerability that threatened to reveal user transaction histories. SGX is a set of security-related instruction codes built into some Intel central processing units CPUs , including their latest 10th, 11th and 12th-generation chips.
Secret Network, backed by scandal-ridden firms Alameda Research and Terraform Labs, runs on delegated proof-of-stake consensus, a method first utilized by EOS. Subscribe to Blockworks Daily. They were able to extract their Secret Network master key by running a full node which anyone can do with a machine powered by the vulnerable processors. These are secure regions of a main processor that only certain trusted devices, codes, or applications can access.
SCRT Labs has assured users that to the best of its knowledge, no malicious actor had exploited the vulnerability in the wild prior to it being patched. SCRT said it held off releasing details of the bug due to a mutual agreement between itself, Intel and the researchers to mitigate potential for the vulnerability to be exploited, a common move in software development. The stewards also said they would strengthen their communications with Intel to ensure users receive early warning of future undisclosed vulnerabilities.
Funds on Secret Network are considered safe only the confidentiality of the network has been compromised, not user private keys. There was still opportunity to front-run DeFi applications and breach private metadata tied to NFTs deployed on the network. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.
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