Supreme: The NFT series released by Quan Zhilong has a disclosed general vulnerability in CVE-2022-38217

On March 22, it was reported that according to the monitoring by the Web3 security agency Supreme, the brand PEACEMINUSONE (PMO) NFT series under the name of Korean singer Kwon Chi Long has a previously disclosed generic vulnerability in CVE-2022-38217, which cannot be ruled out as being used by hackers.

Supreme: The NFT series released by Quan Zhilong has a disclosed general vulnerability in CVE-2022-38217

Interpretation of this information:

On March 22, 2022, news emerged that PEACEMINUSONE (PMO), an NFT series owned by Kwon Chi Long, a famous Korean singer, has a significant security flaw. As indicated by Supreme, a Web3 security agency, the PMO series has a previously disclosed vulnerability known as CVE-2022-38217. Although the bug is known, it apparently remains unpatched in the PMO series, exposing it to potential hacking by cybercriminals.

The PMO series is a collection of unique digital assets known as non-fungible tokens (NFTs). NFTs are becoming increasingly popular, and they represent ownership of digital media or other intangible items. They are stored on the blockchain, which is a digital ledger that is immutable, meaning it cannot be altered once created. PMO NFTs are unique digital artworks that were created by Kwon Chi Long, and they can be bought and sold on various NFT marketplaces.

Despite the significant potential for cybersecurity risks, the blockchain ecosystem remains vulnerable to cyber attacks due to inherent system weaknesses. A single vulnerability left unpatched can render entire systems susceptible, leading to the loss of millions of dollars worth of assets.

Therefore, the issue with the PMO NFT series highlights the importance of staying vigilant in the rapidly evolving blockchain ecosystem. The NFT market cannot be fully secure without the introduction of improved security standards and protocols that match the industry’s level of maturity.

In summary, the PMO NFT series created by Kwon Chi Long has a known security flaw, which makes it vulnerable to hacking by cybercriminals. The unpatched vulnerability, CVE-2022-38217, poses a significant threat to the PMO series’ overall security. The incident underscores the importance of strengthening the security in the NFT market and developing a better and robust security toolset.

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