Hackers exploit Bitcoin inflation bug to print 235M fake Pigeoncoins

2018-10-3 14:40

The collateral damage from Bitcoin’s epic inflation bug continues to spread. The developers of small-cap cryptocurrency Pigeoncoin have confirmed hackers successfully exploited the vulnerability to print 235 million Pigeoncoins, worth around $15,000.

Attackers exploited remnants of bad Bitcoin code to work around Pigeoncoin’s ‘strict’ 21 billion supply, CoinDesk reports. This represents the first time hackers have successfully exploited the inflation bug in the wild. Last week, attackers used it to split the Bitcoin testnet into two separate blockchains. Recently, security researchers discovered a potentially crippling flaw in Bitcoin Core that could have been leveraged to print practically infinite amounts of Bitcoin, inflating its supply above…

This story continues at The Next Web

Or just read more coverage about: Bitcoin

. origin »

Bitcoin (BTC) íà Currencies.ru

$ 104968.99 (+0.35%)
Îáúåì 24H $51.281b
Èçìåíåèÿ 24h: 2.81 %, 7d: 2.96 %
Cåãîäíÿ L: $103456.85 - H: $105234.43
Êàïèòàëèçàöèÿ $2080.173b Rank 1
Öåíà â ÷àñ íîâîñòè $ 6492.83 (1516.69%)

bitcoin exploited hackers inflation bug print successfully

Èñòî÷íèê: thenextweb.com

bitcoin exploited → Ðåçóëüòàòîâ: 14


Ôîòî:

Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading

A trader has posted on Twitter alleging that an actor is taking advantage of Bithumb’s 120% fee payback to milk the platform of approximately $150,000 USD each day through washtrading. Also Read: Uzbekistan Legalizes Crypto Exchanges and Trading Twitter Trader Claims Bithumb’s Promotional Fee Schedule is Getting Exploited The Twitter account of Alex Kruger, a cryptocurrency […] The post Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading appeared first on Bitcoin News.

2018-9-7 01:10


Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network.

2018-9-6 13:30


Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Cardano moves to full decentralized governance with Plomin hard fork

Cardano is taking a major step toward decentralized governance with the activation of the Plomin hard fork.  This upgrade gives Cardano (ADA) holders direct voting power over key blockchain decisions, including protocol changes, treasury management, and governance proposals. The Plomin…

What is a hard fork and soft fork in blockchain?

At some point, every cryptocurrency needs to go through major changes that shake up the way it works. That’s where hard forks and soft forks come in. These are updates to the protocol that make significant adjustments to how the…

Binance to support Optimism’s network upgrade

Optimism (OP) surged after Binance announced upgrade and hard fork support Optimism (OP) price rose by more than 5% on Dec. 27, breaking to intraday highs of $1. 89. The gains for the native token of the layer-2 blockchain network came as the community reacted to positive news.

Ethereum’s Pectra fork moves forward with Mekong testnet launch

Ethereum has launched the “short-lived” Mekong testnet to test key upgrades for the upcoming Pectra fork. The Ethereum ecosystem is taking another step toward the Pectra fork with the launch of the Mekong testnet, a short-lived environment designed to test…

Cardano switches to decentralized governance with Chang hardfork 

Cardano has completed its Chang upgrade, marking the switch to a decentralized governance system that allows ADA holders to have a say in the network’s future direction. Named after Chinese mathematician Ch’ang Shou, the upgrade was completed at block 10764778…

Binance to support Cardano’s Chang hard fork

Binance has announced that it will support Cardano’s upcoming network upgrade and hard fork. Cryptocurrency exchange giant Binance disclosed its readiness to support Cardano (ADA) for its Chang hard fork in an announcement on Aug. 30. Ahead of the hard…

Ethereum Set for Overhaul of Crucial Programming Standard With 'EVM Object Format'

The EOF proposal is a series of smaller EIPs that include measures aimed at updating and improving the Ethereum Virtual Machine (EVM), the programming environment that executes smart contracts on the blockchain, and arguably Ethereum’s secret sauce that made it different from Bitcoin and other early distributed networks at the time it launched in 2015.