{"id":62611,"date":"2022-06-08T10:54:15","date_gmt":"2022-06-08T07:54:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62611"},"modified":"2025-09-05T19:04:51","modified_gmt":"2025-09-05T16:04:51","slug":"osmosis-blockchain-halts-operations-after-critical-vulnerability","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/osmosis-blockchain-halts-operations-after-critical-vulnerability\/","title":{"rendered":"Osmosis blockchain halts operations after critical vulnerability"},"content":{"rendered":"<p>On Wednesday, 8 June, the Osmosis <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cosmos-atom\">Cosmos ecosystem<\/a> blockchain platform halted block production due to a vulnerability that could have drained the liquidity pools of the Osmosis DEX. <\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Liquidity pools were NOT \u00abcompletely drained\u00bb.<\/p>\n<p>Devs are fixing the bug, scoping the size of losses (likely in the range of ~$5M), and working on recovery. <\/p>\n<p>More info to come. <a href=\\\"https:\/\/t.co\/WOu7MMgSUM\\\">https:\/\/t.co\/WOu7MMgSUM<\/a><\/p>\n<p>\u2014 Osmosis \ud83e\uddea (@osmosiszone) <a href=\\\"https:\/\/twitter.com\/osmosiszone\/status\/1534432704246292480?ref_src=twsrc%5Etfw\\\">June 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>Liquidity pools were not &#8216;completely drained&#8217;. The developers are fixing the bug, assessing losses (likely around $5 million) and working on restoring the network, the project team said.<\/p>\n<\/blockquote>\n<p>As of writing, the platform had not processed transactions for more than four hours. The network <a href=\\\"https:\/\/www.mintscan.io\/osmosis\\\">\u043e\u0441\u0442\u0430\u043d\u043e\u0432\u043b\u0435\u043d\u0430<\/a> at block height #4 713 064.<\/p>\n<p>Reddit users were the first to notice the exploit. One noted that the vulnerability allows adding liquidity to a pool and obtaining 50% more than the deposited amount when it is removed.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">It started with <a href=\\\"https:\/\/t.co\/rifoL5mwMW\\\">https:\/\/t.co\/rifoL5mwMW<\/a> claiming there is a serious exploit where anyone can add liquidity to any pool and gain an extra 50% when they remove it.<\/p>\n<p>At first no one believed for a moment that it was true, until they tried it.<\/p>\n<p>This is one heroic bug report. <a href=\\\"https:\/\/t.co\/OF346gMCzd\\\">pic.twitter.com\/OF346gMCzd<\/a><\/p>\n<p>\u2014 Jun\u00f8naut (@TheJunonaut) <a href=\\\"https:\/\/twitter.com\/TheJunonaut\/status\/1534402703190900742?ref_src=twsrc%5Etfw\\\">June 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>One address repeatedly exploited the vulnerability for more than 30 minutes. As a result, an ecosystem participant withdrew over 75 000 ATOM (~$659 000) from Cosmos.<\/p>\n<p>Validators began reporting issues after the Osmosis v9 update, which was activated on 7 June. The update focuses on implementing a module enabling blockchain-platform projects to use the CosmWasm service for token issuance.\u00a0<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">On Discord, validators started reporting issues after the v9 Nitrogen upgrade and an emergency halt has been announced to save the remaining liquidity on the DEX. <a href=\\\"https:\/\/t.co\/uB0RcFZqdC\\\">pic.twitter.com\/uB0RcFZqdC<\/a><\/p>\n<p>\u2014 Jun\u00f8naut (@TheJunonaut) <a href=\\\"https:\/\/twitter.com\/TheJunonaut\/status\/1534402718323949570?ref_src=twsrc%5Etfw\\\">June 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier, in January 2022, the price of the native Osmosis token <a href=\"https:\/\/forklog.com\/en\/news\/osmosis-token-price-hits-new-high-above-10\">surpassed $10<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, May 8, the Osmosis Zone blockchain platform of the Cosmos ecosystem halted block production due to a vulnerability that could have drained the liquidity pools of the Osmosis DEX.<\/p>\n","protected":false},"author":1,"featured_media":62612,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1301,1093,2279],"class_list":["post-62611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-defi","tag-osmosis"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=62611"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62611\/revisions"}],"predecessor-version":[{"id":62613,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62611\/revisions\/62613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62612"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}