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Uniswap’s just lately launched bug bounty program has led to the invention of a now-fixed vulnerability of the protocol’s Common Router sensible contract.
The automated market maker released two new sensible contracts to its platform in November 2022. Permit2 permits token approvals to be shared and managed throughout completely different functions, whereas Common Router unifies ERC-20 and nonfungible tokens (NFTs) swapping right into a single swap router.
Uniswap additionally marketed a profitable bug bounty program to determine potential vulnerabilities in its sensible contracts towards the top of 2022 because it regarded to guarantee the security and efficacy of its protocol.
Good contract safety and auditing agency Dedaub introduced that it had acquired a bug bounty after flagging a vulnerability within the Common Router sensible contract that might have allowed reentrancy to empty person funds mid-transaction.
The Dedaub crew has disclosed a Crucial vulnerability to the Uniswap crew!
Funds are secure – Uniswap addressed the difficulty and redeployed the Common Router sensible contracts on all its chains
The vulnerability permits re-entertrancy to empty the person’s funds, mid-tx.
— Dedaub (@dedaub) January 2, 2023
In line with Dedaub’s breakdown, the Common Router permits customers to carry out various actions together with swapping a number of tokens and NFTs in a single transaction.
The router embeds a scripting language for all kinds of token actions, which might embody transfers to 3rd celebration recipients. If appropriately applied, transfers would go to the recipient inside specified parameters.
Associated: Immunefi says it has facilitated $66M in bug bounties since inception
Nonetheless, Dedaub recognized a vulnerability wherein a third-party code was invoked through the switch, permitting the code to re-enter the Common Router and declare any tokens that have been briefly within the contract.
Dedaub then urged a simple treatment, advising the Uniswap crew so as to add a reentrancy lock to the core execution of the brand new router. Uniswap awarded the auditing agency a complete of $40,000 for flagging the vulnerability. The quantity included a 33% bonus for reporting the difficulty throughout Uniswap’s bonus interval in November 2022.
Uniswap categorised the difficulty as medium severity, whereas additional evaluation deemed the vulnerability to have a excessive affect and low chance. In line with Dedaub, the potential of a person sending NFTs to an untrusted recipient straight was thought of a person error.
Extra complicated and fewer possible situations have been thought of legitimate for reentrancy, which resulted in Uniswap deeming the vector to have a low chance. Cointelegraph has reached out to Uniswap to determine additional particulars of its ongoing bounty program, quantities paid out and the variety of bugs recognized thus far.
Bug bounties have grow to be commonplace within the cryptocurrency and blockchain house as platforms and firms look to make sure the safety of their software program, methods and infrastructure.
Cryptocurrency change Coinbase just lately clarified the phrases of its bug bounty, whereas blockchain safety agency Immunefi has facilitated over $65 million value of bug bounties between moral hackers and Web3 companies in 2022.
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