The post Concerns Rise Over Cosmos Hub’s ATOM Liquid Staking Module Security Following Allegations of North Korean Involvement appeared on BitcoinEthereumNews.com.

The crypto space is reeling after revelations about security compromises within the Cosmos Hub’s liquid staking module. Concerns have been raised regarding the extensive involvement of individuals linked to North Korea in the module’s development. Jae Kwon’s stark criticisms highlight a significant breach of trust and accountability among developers and validators in the Cosmos ecosystem. Recent revelations in the Cosmos Hub’s development raise serious concerns about security, as North Korean agents are linked to the liquid staking module, urging immediate action from the community. Serious Security Breaches in Cosmos Hub’s Liquid Staking Module Recent allegations about the liquid staking module (LSM) of the Cosmos Hub point to significant security vulnerabilities stemming from its development by individuals associated with North Korea. Jae Kwon, co-founder of Cosmos, publicly discussed these concerns in a detailed post, citing a “gross negligence” by the validator hosting firm Iqlusion, which was key to the module’s creation. Kwon stated, “For sixteen months, the LSM was developed by individuals linked to North Korea,” illustrating the extended duration of this threat unnoticed by the community. This underscores a critical failure in security protocols that should have safeguarded the integrity of the Cosmos network. Allegations Against Iqlusion and its Leadership Kwon’s accusations point directly at Zaki Manian, Iqlusion’s leader, who together with his team, began developing the LSM in August 2021. Allegations suggest that two of the developers, Jun Kai and Sarawut Sanit, were North Korean agents contributing significantly to the codebase. Despite being aware since March 2023 of these individuals’ connections, Kwon claims Manian did not act to rectify the situation in a timely or transparent manner. “Rather than taking proactive measures, such as conducting an additional audit or disclosing this issue… Zaki publicly asserted that the module was ‘ready to be deployed,’” Kwon noted, reflecting severe lapses in…

---

Filed under: News - @ October 16, 2024 8:21 am