Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev

A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer. In a Dec. 6 X (Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin Core vulnerability to “spam the blockchain.” He explained the Bitcoin Core code has allowed users to set limits on the size of extra data in transactions since 2013, but “by…

Severe Bitcoin Network Vulnerability Secretly Patched 2 Years Ago Comes to Light

The bug could have eroded Bitcoin’s credibility as the premier cryptocurrency. “Severe” Bitcoin Bug Secretly Patched According to a report by Coindesk, a previously undisclosed vulnerability in the Bitcoin Core software could have enabled hackers to compromise the network’s famed security, allowing them to steal funds, delay on-chain settlements and even split the network. The bug was, however, quietly patched in 2018, the report reads. Notably, the bug was first noticed by Braydon Fuller, a protocol engineer at cryptocurrency shopping site Purse. Fuller and Javed Khan – a core developer…

Newly Discovered Ledger Wallet Vulnerability Could Be Disastrous if Not Fully Patched

A recent report contends that Ledger App has failed to fix a major vulnerability that allows for a “Bitcoin Fork” attack. Mo Nokhbeh claims Ledger’s wallet fails to properly isolate the apps responsible for authorizing the transactions of different assets. This creates a vulnerability where a user’s wallet can be fooled into authorizing a transaction for a less valuable asset, like Litecoin (LTC), Bitcoin Cash (BCH) or any other Bitcoin fork coin, where in reality, a Bitcoin (BTC) transaction is being released. Nokhbeh told Cointelegraph: “This app should be isolated…

Scary Monero Flaw Patched to Kill Crypto Exchange Theft Threat

Monero developers have revealed nine security flaws, and one of them can be exploited to steal XMR from cryptocurrency exchanges. Two critical Monero bugs discovered “By mining a specially crafted block, that still passes daemon verification an attacker can create a miner transaction that appears to the wallet to include sum of XMR picked by the attacker. It is our belief that this can be exploited to steal money from exchanges,” a developer with the pseudoname “cutcoin” stated in the HackerOne report. The developers have also discovered five DoS attack…

Just 2/3 of ETH Nodes Running Parity Have Been Patched Against Critical Security Flaw

Global hacking research collective SRLabs claims that only two thirds of the Ethereum client software that runs on Ethereum nodes has been patched against a critical security flaw discovered earlier this year. The news was reported by business tech website ZDNet on May 17. An SRLabs report ostensibly shared with ZDNet has reportedly revealed that the critical flaw is a denial of service (DoS) vulnerability in the Ethereum Parity client. As SRLabs has outlined, the flaw could enable a hacker to remotely crash legitimate Parity Ethereum nodes by sending malformed…

Stellar Patched an Inflation Bug and Burned the Resulting 2.25 Billion XLM: Research

Cryptocurrency intelligence company Messari has claimed that Stellar (XLM) suffered an inflation bug in April 2017 that was exploited to create 2.25 billion XLM (worth about $10 million at the time), which were later burned. The news was revealed in a Messari report published on March 27. Per the report, the illicitly created XLM — which was equivalent to nearly a quarter of the circulating supply — was moved to exchanges and likely sold during the first half of 2017. An equivalent quantity of XLM was purportedly burned to preserve…

DX.Exchange Claims Security Vulnerability Has Been Patched

After a tumultuous few days since initially launching their trading platform, the DX.Exchange has made a statement to address the security issues that created vulnerabilities in their system. The DX.Exchange have come out to inform their users that the potentially serious security issues have now been patched and all bugs fixed. DX.Exchange “User Funds are 100% SAFU” We reported yesterday that an anonymous trader had checked the functionality and security of the newly-launched DX.Exchange platform and had unearthed some potentially dangerous holes in their security that could easily be breached…