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16 October, 2024

Cosmos Staking Module Controversy: Iqlusion and Zaki Manian Under Fire

16 October, 2024

Cosmos Staking Module Under Scrutiny: Iqlusion and Zaki Manian in the Spotlight

The Cosmos ecosystem is facing a wave of controversy following revelations that developers linked to North Korea were involved in the development of a key staking module. The accusations, made by Cosmos co-founder Ethan Buchman, have cast a dark shadow over the project and raised serious concerns about security and trust within the blockchain space.

Buchman, in a scathing statement, directly blamed “gross negligence” on the part of validator hosting firm Iqlusion and its CEO, Zaki Manian. He alleges that Iqlusion failed to conduct proper due diligence on its developers, allowing individuals with ties to North Korea to contribute to the development of the critical staking module.

The potential impact of this oversight is significant. The staking module, responsible for the secure and efficient operation of the Cosmos network, could potentially be vulnerable to manipulation or malicious attacks if compromised.

Iqlusion and Manian have yet to issue a public statement addressing the allegations. However, the revelations have sparked intense debate and scrutiny within the cryptocurrency community. Many are calling for a full investigation into the matter and for greater transparency from both Iqlusion and the Cosmos Foundation.

This incident highlights the crucial need for stringent security measures and thorough due diligence in the blockchain space. It serves as a stark reminder that even established projects can be vulnerable to unforeseen risks if adequate precautions are not taken.

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