Expert Yuxian from SlowMist has warned users about the risks associated with address incompatibility on the Sui and Aptos blockchains, which could lead to fund loss.
Address Incompatibility Issues
Yuxian, security expert from SlowMist, stated that the existing address incompatibility between Sui and Aptos poses a threat to user assets. Both blockchains utilize a similar format, but due to differences in cryptography, there is a risk of errors when sending funds.
> Yuxian, Security Expert, SlowMist, "If a user mistakenly sends Aptos assets to a seemingly legitimate Sui address (also starting with '0x' and a total length of 66 characters), the funds will be irretrievable. The same set of mnemonic phrases generates different addresses on these two blockchains."
Importance of Address Verification by Exchanges
The advisory prompted responses from cryptocurrency exchanges like Gate Exchange and Binance, emphasizing the importance of address verification to safeguard user assets against potential misdirection.
There is a renewed focus on improving cross-chain interoperability and address validation, highlighting the necessity of distinct design schemes and user education by exchanges and developers.
Lessons from Ethereum and EVM Incidents
Similar issues have arisen with Ethereum and EVM chains, where address similarities resulted in lost funds, emphasizing the importance of distinct cryptographic designs.
Calls for improved standards and user education have increased, suggesting potential positive shifts in interoperability and security measures. Experts stress the need to learn from historical incidents to mitigate risks.
Thus, the warning regarding the address incompatibility of Sui and Aptos highlights the importance of address verification when sending assets. It also raises the question of the need for improved cross-chain compatibility and awareness of user risks.
