Bitcoin Fund Lost 36% of Its Backing, Nobody Noticed for 74 Days
Amid what seems like an endless stream of hacks, data breaches, exploits and bugs, one software flaw quietly wiped out a third of a bitcoin fund’s backing, and somehow went unnoticed for two months. Nomic Bug Leaves Alloyed BTC With a 36% Backing Hole According to the decentralized exchange (DEX) platform Osmosis, a software flaw […]
Key Takeaways
- Amid what seems like an endless stream of hacks, data breaches, exploits and bugs, one software flaw quietly wiped out a third of a bitcoin fund’s backing, and somehow went unnoticed for two months.
- Nomic Bug Leaves Alloyed BTC With a 36% Backing Hole According to the decentralized exchange (DEX) platform Osmosis, a software flaw […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security
Liquid Network resumes block production after $320M exploit
Liquid restarted block production after deploying emergency software updates, though transactions and peg operations remain suspended as recovery efforts continue.
Liquid Network Resumes Block Production After 4,000 BTC Exploit
The Liquid team announced that the network has entered the next phase of its controlled resumption after a white-hat hacker took control of nearly 4,000 BTC and later returned 3,400 BTC. Nonetheless, transactions will not be available until the network is…
Threatened with arrest online? Recognizing a law enforcement impersonation scam
So-called digital arrest scams use false claims of authority to pressure victims virtually into making rapid digital payments, including cryptocurrency transactions, writes Moody's Rich Graham.