Categories: NEONews

A Bug in NEO’s Blockchain Allows Hackers to Steal Remotely says China’s Tencent

China’s Tencent Security Lab has warned the NEO community about a bug which allows hackers to steal tokens from the user wallets remotely.

China’s Tech giant Tencent has informed the NEO developers and node operators about a bug which could potentially allow hackers to steal tokens remotely. According to Tencent’s security lab when a user starts a network node with the default configuration they are at risk of losing their funds.

Tencent’s Security arm published on the Chinese social media platform Weibo alerting users about the critical bug. The firm warns all the node maintainers and ant coin (GAS) holders to pay attention to wallet security and update the client version in time.

The security arm has published three steps to avoid such attacks:

1. Upgrade to the latest NEO-CLI client;
2. Try not to use RPC function, and manually change the address of “BindAddress” to “127.0.0.1”;
3. If RPC must be called for necessity, try changing the port number of RPC, leveraging the https-based port of JSON-PRC, or putting up a firewall.

NEO is currently priced at $8.15 with a market cap of $529 Million. Recently Binance, one of the world’s largest exchange rated NEO with a gold label along with other projects like Tron, Verge, and Nano.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Shrikar Parashar

Shrikar is a Blockchain evangelist. He is a die-hard fan of security tokens. He follows the market closely but does not trade. He believes in Hodling.

Share
Published by
Shrikar Parashar

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago