China’s Tencent Warns of Bug in NEO’s Blockchain That Allows Hackers to Steal Tokens Remotely

[PRIBO247]

Tencent’s Security Joint Lab has notified users of the
Neo (NEO) blockchain of a potential bug that allows
hackers to remotely steal tokens native to the
blockchain. The vulnerability affects the popular Gas
(GAS) tokens. The team notified the crypto and
blockchain community via the popular micro-blogging
website of Weibo.

"Blockchain re-explosive money crisis! @腾讯湛泸
Lab Monitoring the famous blockchain project NEO
(corresponding to the digital currency “small ant
coin”) has the risk of remote piracy.
When a user starts the NEO network node with the
default configuration and opens the wallet, the digital
currency may be remotely stolen.
Tencent Security Zhanyi Lab has submitted a risk
warning to the NEO development community, and
reminded NEO node maintainers and “small ant coin”
holders to pay attention to wallet security, update the
client version in time, and pay attention to abnormal
transfer behavior."

How To Avoid Attacks
The team at the security arm of Tencent went on to
advise the NEO community on how to avoid attacks.
They advised the following actions to prevent the loss of
tokens.

* Upgrade to the highest version of NEO-CLI client
program

* Avoid using remote RPC function, modify the
address of BindAddress in the configuration file to
127.0.0.1

* If you have to use remote RPC functions, change
the RPC port number, enable Https-based port of
JSON-RPC-based interface, or set up a firewall,
etc. to protect the security node.

About NEO
Nicknamed ‘The Ethereum of China’, NEO is the next
generation smart economy platform. The project aims to
digitize assets and automate the process of managing
them using smart contracts. With blockchain technology,
the digitization of assets can be decentralized, secure,
traceable, transparent and free from middlemen.
NEO is currently ranked 17th on Coinmarketcap with a
market capitalization of $528 Million and valued at $5.81
per coin at the moment of writing this. At the peak of the
crypto bull run of last December to February this year,
NEO was valued at $191 leading many crypto traders to
conclude it was the hardest hit by the ban on online
crypto trading in China.

Source : https://ethereumworldnews.com