OpenBounty Rabbit Hole Time Analysis

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No.: Lianyuan Security No.003

OpenBounty Rabbit Hole Time Analysis

On July 3, 2024, the bug bounty platform OpenBounty was revealed to have published unauthorized vulnerability reports on the public chain. This behavior is extremely irresponsible and disrespectful to every infrastructure and security researcher involved in the list. At the same time, because the total bounty value of all vulnerabilities this time exceeded 11 billion US dollars, it also triggered a certain discussion among the entire public group, making the bug bounty platform well-known to the public. The ChainSource Security Team conducted a security analysis and partial disclosure of this leak, hoping to help readers interpret the details and better understand the existence of bug bounty platforms.

Related Information

OpenBounty privately disclosed vulnerability report information on the SEHNTU public chain (the relevant proposals on Ethereum have now been deleted):

Bug Bounty/Exploitation

The vulnerability bounty platform in the on-chain world is very similar to the hole-hunting platform in traditional network security. The main purpose of both is to attract security researchers and white hat hackers to find and report vulnerabilities in the system through a reward mechanism, thereby improving overall security.

Their operating model is as follows in terms of timeline:

(1) Project-initiated challenges: Both blockchain projects and traditional network applications will launch vulnerability bounty programs on the platform.

(2) Vulnerability reporting: Security researchers and hackers detect project codes or systems and submit detailed reports after discovering vulnerabilities.

(3) Verification and repair: The project team verifies the vulnerabilities in the report and repairs them.

(4) Reward Distribution: After the repair is completed, the discoverer will be given a corresponding reward based on the severity and impact of the vulnerability.

Traditional network security mainly focuses on vulnerabilities in traditional IT such as Web applications, servers, and network devices, such as XXS[ 1 ], SQL injection[ 2 ], CSRF[ 3 ], etc.

Blockchain security focuses more on smart contracts, protocols, and encrypted wallets, such as Sybil attacks[4], cross-chain attacks[5], and abnormal external calls.

Key Vulnerability Reports

OpenBounty Rabbit Hole Time Analysis

OpenBounty Rabbit Hole Time Analysis

In the vulnerability report No. 33 released by OpenBounty in violation of regulations, CertiK conducted an audit and penetration test on the SHENTU chain. From the proposal, we can see that this security test mainly aims to solve the security vulnerabilities and authorization restrictions within SHENTU.

But after reading the source code of SHENTU, I found a code that replaced the prefix of CertiK with the prefix of SHENTU. Although it is understandable in development, as the domain name replacement is only for the convenience of adjustment, it does give people the feeling that CertiK is both a referee and an athlete.

OpenBounty Rabbit Hole Time Analysis

In the other 32 vulnerability reports that SEHNTU has not deleted, you can see descriptions of the problem, voting parties, reward descriptions, and even the codes of each system after the vulnerability update. This unauthorized disclosure of information can easily cause secondary damage to these systems, because each system will have some historical problems or unique coding habits during the development process. For hackers, there is indeed a lot of room for exploitation of this information.

Noun interpretation

[1] XXS: The attacker injects malicious scripts into the web page, causing the script to execute when the user browses the web page. It mainly includes reflected XSS, stored XSS, and DOM XSS.

[2] SQL injection: An attack method that inserts malicious SQL code into input fields (such as forms, URL parameters) and then passes it to the database for execution. This type of attack can lead to the leakage, modification or deletion of database data, or even gain control of the database server.

[3] CSRF: An attack method that uses a users authenticated session to send unauthorized requests to a trusted site. The attacker tricks the user into visiting a specially crafted web page or clicking a link, thereby performing operations without the users knowledge, such as transferring money or modifying personal information.

[4] Sybil attack: In a distributed network, an attacker creates multiple fake identities (nodes) in an attempt to manipulate the decision-making process in the network. The attacker creates a large number of fake nodes to influence the consensus algorithm, thereby controlling transaction confirmation or blocking legitimate transactions.

[5] Cross-chain attack: Attackers can manipulate cross-chain transaction requests, bypass security checks in the contract, and steal or tamper with cross-chain transaction data, such as the Poly Network cross-chain bridge attack.


In general, as OpenZepplin and HackenProof show, the management of bug bounties must be approved by the publisher. This is a legal and ethical issue that is the basis of many independent developers achievements.

Lianyuan Technology is a company focused on blockchain security. Our core work includes blockchain security research, on-chain data analysis, and asset and contract vulnerability rescue. We have successfully recovered many stolen digital assets for individuals and institutions. At the same time, we are committed to providing project security analysis reports, on-chain traceability, and technical consulting/support services to industry organizations.

Thank you for your reading. We will continue to focus on and share blockchain security content.

This article is sourced from the internet: OpenBounty Rabbit Hole Time Analysis

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