lsm

ChainCatcher message, the Cosmos ecosystem software development company All in Bits stated that it has discovered serious security issues with the Liquid Staking Module (LSM) of Cosmos Hub, including that most of the LSM code was written by North Korean agents; LSM is not an independent module, but a set of modifications to the existing staking, allocation, and slashing modules, which may affect all staked ATOM; vulnerabilities that allow slashing to be circumvented still exist; 19 months of code changes have gone unaudited; significant misrepresentation by Zaki Manian and Iqlusion; lack of transparency from ICF, Stride Labs, and informal systems.All in Bits recommends an immediate fix for the main staking vulnerabilities in LSM; an instant, comprehensive audit of LSM; full disclosure of the investigation timeline regarding North Korean agent involvement; a blacklist of ICF stakeholders; new audit and oversight agreements for ICF-funded projects.

ChainCatcher news, the liquid staking protocol StaFi has announced that it now supports the Cosmos Liquid Staking Module (LSM) on the testnet.It is reported that LSM is a new Cosmos SDK module being developed by Iqlusion, which will allow staking tokens to be liquid staked directly through the StaFi protocol without the intermediate step of unbonding.

ChainCatcher news, the Cosmos community is currently voting on community proposal 821, which plans to implement the v12 upgrade. This upgrade includes the activation of the Liquid Staking Module (LSM), aimed at replacing the existing staking, allocation, and penalty modules to improve network liquidity, unlocking millions of dollars worth of ATOM tokens for supporting DeFi activities across various chains in the Cosmos ecosystem.In summary, this vote will last until September 8. As of now, 99.8% of participants have approved this new upgrade, but the quorum has not yet been reached.

ChainCatcher news, NFT e-book company Book.io announced the completion of a new round of financing, with the investor being BDMI, a subsidiary of Bertelsmann. The specific amount has not been disclosed. Book.io CEO Joshua Stone stated that in addition to receiving financial support, they will also establish a partnership with BDMI to expand innovative products beyond NFT e-books, such as audiobooks and other types of digital media.Book.io began selling books on July 20, 2022, and the total sales in the secondary market have exceeded $500,000, with individual collectible e-books priced over $4,000. (source link)