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A critical vulnerability in ibc-go, the reference implementation of the Cosmos Inter-Blockchain Communication (IBC) Protocol, has been fixed with no loss
PANews reported on April 24 that Asymmetry Research disclosed in a blog post that there is a vulnerability in ibc-go, the reference implementation of the Cosmos IBC (Cross-Blockchain Communication) protocol, and a re-entrancy vulnerability when processing timeout information may allow attackers to Token an unlimited number of IBCs on-chain minting the affected Cosmos. Although this vulnerability has existed since the inception of ibc-go, recent developments in the Cosmos SDK ecosystem, particularly the CosmWasm-based IBC middleware, have made the vulnerability exploitable. The vulnerability was privately disclosed through the Cosmos HackerOne bug bounty program, and the issue has now been fixed. There was no malicious exploitation and no loss of funds.