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Monero Devs Disclose Nine XMR Bugs That Could Have Allowed Stealing XMR from Exchanges

  • Yuri Molchan
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    🕵📢Developers of the anonymous Monero coin have made public almost a dozen security flaws, one of them was able to allow stealing XMR from crypto exchanges🆓🖖


Monero Devs Disclose Nine XMR Bugs That Could Have Allowed Stealing XMR from Exchanges
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The bugs in the Monero code were not discovered until March this year, reports Hard Fork.

One of the bugs that the dev team has recently made public enabled dirty players to steal XMR from crypto currency exchanges by making ‘specifically-crafted’ blocks to get Monero wallets to take fake deposits in exchange for any XMR amount.

The bugs threatened private DLT data to be stolen from Monero

The HackerOne report confirms that these bugs allowed stealing XMR from exchanges and other online wallets. Several other of the disclosed bugs allowed conducting a DoS attack.

Some of the other bugs were targeted at CryptoNote – a software layer that helps Monero ensure higher level of privacy for its users. These vulnerabilities could have let culprits put out Monero nodes by demanding big amounts of DLT data from the platform.

A developer Andrey Sabelnikov pointed out that other crypto platforms that use CryptoNote are also vulnerable to that sort of attacks.

Apart from that, Monero devs found that the network’s software was leaking big amounts of ‘uninitiated’ memory, containing private data, to untrusted peers of the network.

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Nascent crypto software is bound to be vulnerable to attacks

The developers warn that most of those flaws detected in the Monero code had been labelled as ‘proof of concepts’. 

Since the crypto industry, especially privacy-focused coins are only beginning to appear on a large scale, bugs that make coins to be stolen by hackers from wallets will emerge from time to time.

Cover image via www.123rf.com
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Has #XRPArmy Turned Against Ripple? Not Really

  • Alex Dovbnya
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    XRP’s recent drop below the $0.30 level was a major test for Ripple’s Twitter army, but they won’t abjure their allegiance


Has #XRPArmy Turned Against Ripple? Not Really

Tiffany Hayden, one of the most vocal members of the XRP army, has been suspected of becoming a non-believer after questioning the strength of the Ripple network. 

That conveniently coincided with the XRP price nose-diving below the $0.30 mark due to the continuous market sell-off.

Everyone who keeps tabs on crypto Twitter has hardly seen any negative comments about Ripple posted by Hayden. However, she recently assumed that the network wouldn’t last much longer if Ripple shuttered that night.

There were legitimate reasons to believe that this might be the case given the painful experience of Stellar, which is considered to be Ripple’s direct competitor.

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However, despite these concerns, Hayden made it absolutely clear she hasn’t lost her faith in XRP, claiming that she would rather sell a kidney than her bags of Ripple’s native token.  

She later clarified that the kidney wouldn’t be her own (hopefully, she was joking).

Notably, Ripple’s XRP turned out to be one of the best-performing currencies during the recent sell-off, clinging onto the $0.30 price tag. 

XRP records a modest drop
Image by CoinMarketCap

Still, its underwhelming overall performance in 2019 made many XRP investors reconsider their loyalty.

Cover image via cryptocomes.com
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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