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SPL company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Research, Engineering & Technical
spl-inc.com

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Founded Year

1944

Stage

Acq - Fin - II | Alive

About SPL

SPL, aka Southern Petroleum Laboratories, is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests, measurement services, and related field services that enable its customers to evaluate the composition of the hydrocarbons they are producing in order to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Customers include independent and major exploration and production companies, as well as midstream operators.

SPL Headquarter Location

8820 Interchange Drive

Houston, Texas, 77054,

United States

713-660-0901

Latest SPL News

Bug in Solana Token Lending Contract Fixed, More Than $2 Billion Made Exploitable

Dec 6, 2021

Bug in Solana Token Lending Contract Fixed, More Than $2 Billion Made Exploitable A bug in the token lending contract of the Solana Program Library (SPL) was recently found and fixed by Neodyme, a security auditing firm. The bug, that was discovered a couple of months back, could have affected several decentralized finance protocols holding more than $2 billion in total value locked (TVL). Their team identified the possible protocols using this contract (or derivatives of it) and disclosed the bug immediately. Solana SPL Rounding Bug Puts Funds at Risk A bug in one of the token lending contracts that is part of Solana’s Program Library (SPL), a group of on-chain programs targeting the Sealevel parallel runtime on Solana, put the funds of several protocols at risk. Neodyme, a security agency, had disclosed this vulnerability months ago and alerted about it, but the bug, due to its apparently innocuous effect, had not been resolved. The bug caused a rounding error that delivers more tokens than the ones being deposited by the users to the contract. However, the bug was not exploitable without an organized attack that targeted the vulnerability directly. Neodyme, the auditing group, managed to reproduce it and create a script that took advantage of it. Importance of Open Source More than $2 billion in several tokens on these protocols were at risk of being drained slowly by taking advantage of this exploit. More so, if the attack had been conducted in a smart way, it wouldn’t have triggered any alarms, and would just be detected as a slow drain of APY in some pools. Neodyme remarked about the importance of open source code for auditors to be involved and help correct these kinds of bugs. It stated: We believe the most secure code is open-source, and as auditors we believe one of the best ways to write better code is to understand vulnerabilities. After discovering this exploit, Neodyme shared its existence with teams that would probably be using the program as a tool for their operations. Among these were some protocols that are not open source on the Solana chain , and cannot be directly verified by their users. This made it difficult for them to directly verify whether these platforms were exploitable by the bug. However, they communicated with the teams behind these protocols, who are in charge of fixing the issue individually. The SPL token-lending contract had already been reviewed before, and two projects using it have also been audited independently: Solend by Kudelski and Larix by Slowmist. Tags in this story

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SPL Patents

SPL has filed 15 patents.

The 3 most popular patent topics include:

  • Gas discharge lamps
  • Automotive accessories
  • Automotive body parts
patents chart

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9/20/2016

6/26/2018

Lighting, Gas discharge lamps, Light sources, Stage lighting, Light fixtures

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Related Topics

Lighting, Gas discharge lamps, Light sources, Stage lighting, Light fixtures

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Status

Grant

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SPL Web Traffic

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