University College London Cuts Ties With IOTA, Cites ‘Support For Open Security Research’

The Centre for Blockchain Technologies (CBT) at University College London (UCL) has posted an announcement on its website that it has dissolved its ties with the IOTA Foundation, TNW reported April 28.

The note emphasizes CBT’s commitment to “open security research,” and reads in full as follows:

“UCL Centre for Blockchain Technologies is no longer associated with the IOTA Foundation. In relation to recent news report [sic], we reaffirm our support for open security research, as a prerequisite for understanding the assurances provided by any blockchain technology. It is inappropriate for security researchers to be subject to threats of legal action for disclosing their results.”

While it remains unconfirmed, CBT’s allusion to “recent news reports” and researchers being subjected to “threats of legal action” appears to be a reference to the controversialfall-out over an IOTA vulnerability report that was published last September as part of MIT’s Digital Currency Initiative (DCI) that found a vulnerability in IOTA’s open source repositories on GitHub.

Though IOTA responded by fixing the vulnerability and did not initially deny the Curl hash function could be compromised, they suggested such an attack would be impractically complex and that users’ funds were not seriously at risk…

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