7 months ago
Across Protocol co-founder Hart Lambur precocious revealed that the web is considering a connection to headdress the proviso of its ACX token astatine 1 cardinal tokens pursuing reports of a vulnerability successful its token contract.
In an Oct. 21 post connected X, Lambur stated that ACX had been wrongly labeled arsenic having a captious flaw successful its ERC-20 token implementation. He acknowledged that the plan prime could person been amended but emphasized that the vulnerability claims were inaccurate.
To fortify the ACX token model, Lambur projected a fixed proviso bounds of 1 cardinal tokens. This alteration would not necessitate immoderate updates to the ACX astute contracts and would impact renouncing Across Governance’s power implicit the token. This enactment would forestall immoderate aboriginal changes to the token’s supply, whether done minting oregon burning.
The proposal outlined the benefits of this change:
“This connection to hole the ACX proviso astatine 1 cardinal tokens by renouncing declaration ownership is designed to unafraid the economical instauration of the Across ecosystem. We judge this alteration volition payment each stakeholders by providing stableness and promoting growth.”
Across is simply a cross-chain token span secured by UMA’s optimistic oracle. According to the protocol’s website, it has handled implicit 9 cardinal transactions, totaling much than $12 cardinal successful value.
Vulnerability concerns
Lambur’s connection surfaced connected the aforesaid time that rival interoperability level LayerZero Labs co-founder Bryan Pellegrino raised concerns astir the ACX token contract.
Pellegrino pointed retired that the web had mistakenly exposed an interior relation successful its ERC-20 token implementation, which could let tokens to beryllium withdrawn from immoderate wallet. He warned that this vulnerability could alteration “rugging” users, draining accounts to zero.
Pellegrino besides claimed that the contented allowed Across Protocol and UMA to mint tokens without limit. He urged the protocol to transportation ownership to a caller astute declaration that would forestall burning and infinite minting.
Lambur, however, criticized Pellegrino’s claims, dismissing them arsenic “disingenuous fear-mongering.”
The station Cross concatenation protocol Across Protocol challenges ‘fear-mongering’ claims with proviso headdress initiative appeared archetypal connected CryptoSlate.
English (US) 