Cosmos team patches new vulnerability before potential exploit

On the evening of October 13, Cosmos founder Ethan Buchman announced that the project had discovered a critical security flaw, threatening all blockchains using the platform’s IBC protocol.

To patch the above vulnerability, all blockchains using Cosmos IBC will have to deploy an update scheduled to be announced at 14:00 UTC on Friday, October 14. Mr. Buchman also did not rule out the possibility of blockchains on the Cosmos network will have to stop working to serve the error recovery process.