Blur Founder: The acceptance of the unit price hanging function has been reactivated and will provide refunds and compensation to affected traders

On April 22nd, Pacman, the founder of Blur, tweeted that around 11:00 Beijing time on April 22nd, Blur detected a vulnerability in message processing that affected some bids cancelled within the past 80 hours. After detecting the vulnerability, the team immediately disabled the “accept hanging unit price” feature. Within 30 minutes, 36 affected unit prices were accepted. Afterwards, Blur fixed this issue and enabled the unit price hanging function on April 22nd at 14:05 Beijing time. Before activating the accept unit price, any current unit price higher than the floor price will be automatically cancelled.

Blur Founder: The acceptance of the unit price hanging function has been reactivated and will provide refunds and compensation to affected traders

1. Introduction
2. Explanation of the vulnerability
3. How Blur detected the vulnerability
4. Immediate response to the vulnerability
5. How the team fixed the issue
6. Steps taken to prevent future vulnerabilities
7. Conclusion

On April 22nd, Pacman, the founder of Blur, tweeted that around 11:00 Beijing time on April 22nd, Blur detected a vulnerability in message processing that affected some bids cancelled within the past 80 hours. After detecting the vulnerability, the team immediately disabled the “accept hanging unit price” feature. Within 30 minutes, 36 affected unit prices were accepted. Afterwards, Blur fixed this issue and enabled the unit price hanging function on April 22nd at 14:05 Beijing time. Before activating the accept unit price, any current unit price higher than the floor price will be automatically cancelled.

In today’s highly digital world, cyber attacks and vulnerabilities are becoming more and more common. Recently, Blur, a popular platform for buying and selling digital assets, experienced a vulnerability that affected some bids cancelled within the past 80 hours. This article will explore how the team at Blur detected and responded to this situation.

Explanation of the vulnerability

According to Pacman’s tweet, the vulnerability was related to message processing. While we do not know the specifics of the vulnerability, it is clear that this was a serious issue that could have potentially led to a loss of funds or compromised user information.

How Blur detected the vulnerability

Fortunately, the team at Blur was able to detect the vulnerability quickly. As soon as the issue was discovered, the team immediately disabled the “accept hanging unit price” feature. This proactive step prevented further damage and allowed the team time to fix the issue before any other bids were affected.

Immediate response to the vulnerability

Within 30 minutes of disabling the “accept hanging unit price” feature, 36 affected unit prices were accepted. The team then fixed the issue and was able to enable the unit price hanging function once again.

How the team fixed the issue

While we do not know the specifics of how the vulnerability was fixed, it is likely that the team underwent a thorough and speedy process to ensure the platform was secure. This is an important reminder of the importance of cybersecurity and the need to have experts who are able to fix vulnerabilities quickly.

Steps taken to prevent future vulnerabilities

Following the discovery and fix of the vulnerability, it is important for the team at Blur to take steps to prevent future vulnerabilities. This could include implementing new security protocols, conducting audits and tests to identify any other potential vulnerabilities, and educating users on how to stay safe online.

Conclusion

Overall, the situation at Blur is a reminder of the importance of cybersecurity and the need for companies to take proactive steps to prevent vulnerabilities. While the team at Blur was able to detect and fix the issue quickly, it is important for users to remain vigilant and take steps to protect their digital assets.

FAQs

1. What is Blur?
– Blur is a popular platform for buying and selling digital assets.
2. How did the team at Blur detect the vulnerability?
– The team at Blur was able to detect the vulnerability quickly and disabled the “accept hanging unit price” feature.
3. What steps should companies take to prevent future vulnerabilities?
– Companies should implement new security protocols, conduct audits and tests to identify any other potential vulnerabilities, and educate users on how to stay safe online.