Update Found Below the Original Post!

Let me start by saying I'm a huge investor in EOS...and I'm continuing to buy more as it dips. I'm also extremely skeptical of any news coming out of China...especially related to cryptocurrency. With that said, I think EOS needs to respond to the latest claim by Chinese security firm, 360 Total Security. Even if this is true, EOS now has the time to fix the vulnerability.
Nathan Bentley, from Crypto Daily, released an article today that I believe does a good job covering the issue.

Huge Vulnerabilities Discovered In EOS Network

As EOS approaches their MainNet launch, reports out today suggest that Chinese internet security firm, 360 Total Security, have discovered a number of crucial vulnerabilities within the EOS network. These could have quite a harsh impact on the currency and of course, on the EOS platform.

The premise of this vulnerability is that, on the network, a hacker or an attacker is able to publish a smart contract that contains malicious code. Within this, a super node can they go on to execute this smart contract, which, depending on the nature of the code, could then go on to open up gaps within the networks security, allowing more hackers into the network to start draining funds, collecting data etc. This discovery is huge. Of course, it allows the EOS team to develop a fix to ensure this doesn’t happen, however it calls into question the entire integrity of the EOS network. In essence, is this something EOS investors need to worry about?

According to Bitcoinist:

“This could allow the attacker to do whatever he wants. He could, in theory, steal the key of the network’s super node, control the transactions of virtual currencies carried out on the EOS network, acquire the users’ keys stored in their wallets, access key user profiles, and whatnot. Going further, a potential attack could cause damage to external networks as well.”
See the full report by Bitcoinist for yourself, here: http://bitcoinist.com/high-risk-vulnerabilities-found-in-eos-network-main-net-launch-might-be-pushed-back/

As it stands, EOS are yet to make any official announcements with regards to this, I suspect that this is because they are concentrating on resolving the issue and thus, we do expect them to make an announcement some time soon, possibly once the vulnerability has been patched.

What now for EOS investors?

Bear in mind, it is a good thing that this has been exposed before any malicious activity has been able to take place. This does prove just how vulnerable your cryptocurrencies are, not just in terms of market volatility and changing values, but also in terms of actual cybersecurity, even the most established currencies are as risk to attack.

Thankfully, 360 Total Security have been able to put a stop to this, before it really did become a problem. For now, we will keep an eye on the EOS camp to see what news comes out, we do expect more information on how this bug has remained undetected and also, some information on what has been carried out to protect users from future problems within this and the rest of the EOS network.

Full article found here: https://cryptodaily.co.uk/2018/05/huge-vulnerabilities-discovered-eos-network/

Personally, I doubt this will have any baring on the price of EOS. That said, assuming this vulnerability is accurate, it's a bit of a wake up call. This is such a new market. Even the best companies can’t possibly predict all the pot holes. It’s how a company reacts to these types of setbacks that'll make, or break them. I'm confident EOS will handle this with the same transparency and grace that's gotten them this far.

UPDATED:

Some have speculated this may delay the main-net launch scheduled for June 2nd. According to the EOS official twitter account, this rumor about a delay is inaccurate. Here's how the EOS team responded:

Source: https://twitter.com/EOS_io/status/1001697690890194956

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