Monero (XMR) has admitted that they had nine security vulnerabilities, one of which could have enabled hackers to steal XMR from crypto exchanges, reported HackerOne. The vulnerability apparently allowed attackers to transmit false xmr to an exchange. Once the account was credited, they could then transform it into other coins and then withdrawal.
Till March, malicious miners could have applied the vulnerability to construct “specifically-crafted” blocks to push Monero wallets into taking bogus deposits for an amount preferred by the attacker. Security researchers in a HackerOne report said,
It is our belief that this can be exploited to steal money from exchanges. They were rewarded with 45 XMR ($4,100) for their efforts.
On July 3, a developer of the blockchain project CUT uncovered a potential security vulnerability in Monero. CUT is a project that wants to convert Monero’s Cryptonode protocol into a proof of stake protocol. The developer received 45 XMR (3,500 euros) for his performance.
In the month of March 2018, researchers had found two vulnerabilities in the Monero. Researchers discovered that minute observations enable anyone to recognize a portion of the bait mixins used to cover for a genuine coin being spent.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
You might also like
More from Altcoin
This article is a complete guide on the Alchemix. The Decentralized Finance (DeFi) world has been all promising and hype …