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Rocket Pool delays launch after competitor discovers security flaw

07 Oct 2021 : 11:34
2 min read
  • Eth2 staking provider Rocket Pool has delayed its launch after a potential vulnerability was discovered
  • Rocket Pool was alerted to the vulnerability by Dmitri Tsumak, founder of rival staking provider StakeWise
  • the two teams informed another Eth2 staking project, Lido, that the vulnerability posed a risk to its protocol as well

Eth2 staking provider Rocket Pool has delayed its launch after a potential vulnerability was discovered in the protocol’s code.

A competitor alerted Rocket Pool

On October 6, Rocket Pool announced the postponement while the team implemented a fix for the bug. Rocket Pool has tweeted that “relatively minimal” changes are required to fix the vulnerability, and that a new launch date will be announced soon.

Rocket Pool was alerted to the vulnerability by Dmitri Tsumak, founder of rival staking provider StakeWise. After Rocket Pool confirmed the validity of the vulnerability, the two teams informed another Eth2 staking project, Lido, that the vulnerability posed a risk to its protocol as well.

Lido confirmed the bug on Twitter

Lido confirmed the bug via Twitter on October 5, proposing a vote to lower staking limits for all node operators to minimize the risk to the protocol. Lido described the potential impact of the vulnerability as “low,” adding that “the vulnerability can only be exploited by currently whitelisted Lido node operators.”

StakeWise publicly disclosed Tsumak’s role in identifying and reporting the potential vulnerability to competitors, claiming that even though he was dealing with competitors, the more secure the protocols are together, the stronger the entire ETH2 staking ecosystem becomes.Rocket Pool also tweeted a commitment to shared network security.


About Author

Stan Colenbrander

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Stan is the head of news and podcast host at Cryptonary. He was formerly a member of the Cryptonary Pro community. In early 2021, he decided to drop out of journalism school at university to pursue journalism in real life and make an impact in the crypto space. . His areas of interest include the NFT industry, decentralised finance, and crypto start-ups.

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