Potential EOS Mainnet Launch Delay: Internet Security Giant Identifies High-Risk Security Vulnerabilities

Qihoo 360, China's largest internet security company, recently published an announcement that the upcoming EOS mainnet launch scheduled for June 2, 2018 could potentially be delayed due to a series of high-risk security vulnerabilities that could cripple the entire EOS network.

"Recently, the 360 Vulcan team discovered a series of high-risk security vulnerabilities in blockchain platform EOS. It has been verified that some of these vulnerabilities can remotely execute arbitrary code on the EOS node. That is, remote attacks can directly control and take over all nodes running on EOS.".

The EOS development team is currently pushing toward the June 2nd launch of the EOS platform, with exchanges such as Binance, Bitfinex, and Kucoin all announcing support of the shift from an EOS ERC-20 token to the new EOS blockchain.

The launch may be interrupted if the EOS development team is unable to correct the glitch identified by Qihoo 360 before the launch date.

Some of the bugs allow arbitrary code to be executed remotely on EOS nodes and even taking full control of the nodes.

"Since the system of the node is completely controlled, the attacker can"do whatever it wants", such as stealing the key of the EOS super node, controlling the virtual currency transactions of the EOS network; and acquiring other financial and privacy data in the EOS network participating node system - such as a user's key stored in the wallet, key user profiles, privacy data, and more.

The Qihoo 360 team notified EOS officials on the 29th, and are currently actively working with the EOS development team to ensure the issue is fixed before launch.

There is a chance that the launch may be postponed if a solution is not found before June 2nd:. "On the early morning of the 29th, 360 first reported the vulnerability to EOS officials and helped them repair the security risks. The person in charge of the EOS network said that the EOS network will not be officially launched until these issues are fixed."

The alleged security flaw is apparently located within the smart contract virtual machine on the EOS platform, but the Qihoo 360 team has not yet published any documentation regarding the security issue.

Collaboration between the EOS team and Qihoo 360 will likely benefit the EOS project, allowing EOS to leverage the experience and resources of the security giant in order to enhance the overall security of the EOS blockchain before the anticipated launch date.