PIVX, Probably Different PoS Chains Weak to Bug, Attackers Revenue

PIVX, Probably Different PoS Chains Weak to Bug, Attackers Revenue

AltCoin
August 13, 2019 by The Btc News
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Personal transactions cryptocurrency PIVX and over 200 different blockchains are weak to a vulnerability permitting the attacker to acquire disproportionately excessive staking rewards. A serious staking vulnerability Cryptocurrency consulting agency Lunar Digital Belongings claimed in a put up printed on its web site on Aug. 12 {that a} staking vulnerability is getting used throughout PIVX
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Personal transactions cryptocurrency PIVX and over 200 different blockchains are weak to a vulnerability permitting the attacker to acquire disproportionately excessive staking rewards.

A serious staking vulnerability

Cryptocurrency consulting agency Lunar Digital Belongings claimed in a put up printed on its web site on Aug. 12 {that a} staking vulnerability is getting used throughout PIVX and its forks. The weak spot reportedly permits the attacker to acquire mathematically unimaginable staking rewards on weak Proof of Stake (PoS) chains.

In accordance with the put up’s writer, the PIVX improvement group claimed to have solved the problem in January. Nonetheless, a core developer of PoS altcoin BitGreen (BITG) observed that the vulnerability in query is allegedly being exploited once more. The implications are defined in report within the following means:

“To place it bluntly, somebody or some entity has found out a technique to sport the PIVX PoS algorithm. This has crippled the rewards system of a number of chains, and BitGreen has notified of all exchanges that it’s listed on to halt all deposits and withdrawals till additional discover.”

Accusations in opposition to the PIVX group

Furthermore, the agency famous that “what’s worse is that PIVX has identified that this bug was not fastened and has stored quiet to themselves.” The writer of the report claims that he contacted the PIVX core builders and has been instructed that there was no different answer than ready for an replace which might be issued within the third quarter of the present 12 months.

He additionally says that after he managed to contact PIVX members instantly and requested about data regarding an tackle which was exploiting the vulnerability in query, he obtained no reply and the assault stopped. He concludes:

“The timing may be very suspicious, however I cannot conclusively say with proof that PIVX builders have been utilizing their data of the bug for their very own advantages — not to mention use it to use different chains. […] The “pretend stake” exploit clearly has not been fastened for PIVX, so the query is, was it ever fastened? Or have the attackers developed a brand new technique in finishing up related assaults equivalent to this one?”

As Cointelegraph lately reported, cryptocurrency change Binance lately claimed {that a} dusting assault occurred in opposition to the fourth-biggest altcoin, Litecoin (LTC).





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