Security Alert: DilationEffect Discovers Potential Exploits in Prime Protocol’s Code

  1. DilationEffect’s research reveals that Prime Protocol’s code allows unauthorized deposits.
  2. The vulnerability could enable hackers to deposit the remaining authorized amount into the lending pool.
  3. This flaw potentially allows officials to deposit coins into the agreement without the user’s consent.

In a stunning revelation, DilationEffect, a well-regarded security agency, has identified a potential exploit within the code of Prime Protocol, a cross-chain decentralized finance (DeFi) lending agreement. This flaw may allow external parties to deposit assets into user accounts without their permission, leading to potential security threats.

With Moonbeam as a hub for its connected contracts and Axelar’s General Message Passing for secure interchain communication, Prime Protocol has effectively created a hub for seamless blockchain operations.

However, DilationEffect’s investigation uncovers a loophole in the protocol’s code that could be misused by officials or hackers. They can deposit coins into a user’s account without consent, potentially exploiting the remaining authorized amount in all user addresses, thus paving the way for a potential security breach.

The discovery of this vulnerability raises a red flag for the security of decentralized platforms. It underlines the need for constant vigilance and robust security measures to protect user assets from potential cyber threats. DilationEffect’s research highlights the need for enhanced security features and emphasizes the importance of user awareness in the fight against cyber threats.

Read also:

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.