Blockchain platform EOS is facing a series of high-risk security vulnerabilities, according to Chinese cybersecurity company Qihoo 360 which published a report on May 29. The company’s Vulcan team discovered that attacks can be remotely executed on the EOS node, TechNode’s Chinese sister site reports.

EOS is a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform.

CEO and Chairman of 360 Zhou Hongyi said that the loophole his company discovered is worth $100 million, Bianews is reporting.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.