Monero Discloses Bug Allowing XMR to Be Stolen From Exchanges

Several security vulnerabilities have been disclosed by Monero, including one that could have been exploited to steal xmr from exchanges, reports on the breach disclosure platform HackerOne revealed on July 3.

The vulnerability theoretically enabled attackers to send counterfeit xmr to an exchange. Once the fraudster’s account was credited, they could then convert it into other coins and make a withdrawal, leaving the exchange out of pocket.

Describing the critical breach they uncovered, the lead developer for CUT coin added:

“It is our belief that the vulnerability cannot be used to “mint” real, transactable monero out of thin air.”

A bounty of 45 xmr (about $4,000) was paid to the developer for their efforts.

Most of the vulnerabilities recently disclosed to HackerOne were identified a few months ago, but they have since been resolved.

In April, monero developers fixed a bug concerning the Ledger hardware wallet that made it look like user funds had disappeared.

The privacy-focused altcoin is 14th in the rankings of the biggest cryptocurrencies by market capitalization according to CoinMarketCap.

6  Comments Add a comment…

  • Masao Akimoto  

    I have noticed Monero developers are one of the most efficient in the Crypto world and also the most trusted thanks to its transparency. Great work Monero team!

    Reply

    • Monero Discloses Bug Allowing XMR to Be Stolen From Exchanges Владимир Владимирович Masao Akimoto  

      What work? Copy Bytecoin’s code and make money on it?

      Reply

      • Monero Discloses Bug Allowing XMR to Be Stolen From Exchanges Андрей Masao Akimoto  

        Are you was in coma since 2014 or just dishonest?

        Reply

  • Shit Coin  

    Shitcoin!

    Reply

  • Monero Discloses Bug Allowing XMR to Be Stolen From Exchanges Febo  

    *In April Ledger developers ( with a help of Monero developers) fixed a bug that happened to them and influenced one guy that luckily latter got his Monero back.

    Reply

  • Monero Discloses Bug Allowing XMR to Be Stolen From Exchanges Владимир Владимирович  

    The Bytecoin, where the Monero has been forked from, has none of these vulnerabilities. Be smart and invest smart.

    Reply

Be the first to comment

Leave a Reply

Your email address will not be published.


*