By rights, it ought to be impossible to double spend tether, but that’s what happened on June 28 according to one Chinese cybersecurity firm.
Someone sent 694 tether to an exchange and was credited for the deposit due to a certain field value pertaining to the transaction being altered.
An Omni dev (whose blockchain tether operates on) has since confirmed this did occur, but was the fault of the exchange for poor integration, rather than a flaw in tether itself.
Still, the news has prompted at least one exchange, Okex, to issue reassurances that its exchange is safe from this bug.
Deanonymizing Zcash Transactions
While Brave users are gaining a degree of anonymity, a number of zcash users are losing theirs.
The Daily If you thought that only proof of work coins were susceptible to double spending attacks, you haven’t met tether. By rights, it ought to be impossible to double spend tether, but that’s what happened on June 28 according to one Chinese cybersecurity firm. Someone sent 694 tether to an exchange and was credited
If you thought that only proof of work coins were susceptible to double spending attacks, you haven’t met tether. The world’s ninth largest crypto by market cap and second largest by volume is meant to be a haven in a sea of uncertainty, but even it’s not immune to jiggery-pokery, as we’ll learn in today’s […]
The post Bitcoin in Brief: Exchanges Expanding, Brave Adds Tor, Tether ”Double Spent” appeared first on Bitcoin News.
LDO and DYDX are among the top gainers in the past 24 hours as cryptocurrencies look to end the year on a high. This is amid expectations of a further bull market rally in 2025, buoyed by a pro-crypto Donald Trump administration.
Zcash (ZEC) continues to see decent gains as the broader market waits for potential fresh moves ahead of the US Consumer Price Index (CPI) data release. While ZEC basks in the 35% jump in price over the past week, there’s potential for meme coin Memeinator (MMTR) to follow suit as the industry aims for upside […]
Zcash has recorded an impressive price run over the past month amid a rebound, but mixed signals from the daily and weekly charts question the asset’s next price direction. Zcash (ZEC) surged 80% in the past 30 days, making it…
The cryptocurrency market is brimming with optimism as traders anticipate significant surges to new all-time highs. Despite a relatively flat performance for most digital tokens over the past 24 hours, privacy coins have experienced a notable spike in trading activity.
The Zcash crypto community has approved a proposal to allocate 20% of block rewards to a new decentralized grants system, aiming to enhance development initiatives across the ecosystem. This decision follows a poll conducted among the Zcash Community Advisory Panel,…
Electric Coin Company appears to be shifting its Zcash funding approach, calling for decentralization. The Electric Coin Company (ECC), a firm behind the Zcash cryptocurrency, has announced a shift in its funding approach for the token, signaling a departure from…