First blood: large-scale Bitcoin bug caused the theft of 235 million coins PGN
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Pigeoncoin (PGN) is a small coin, which is traded on two little-known cryptocurrency exchanges. Finally she became famous in the crypto community. Recently, developers have reported the elimination of a bug CVE-2018-1744, however, the hackers managed to exploit the vulnerability and stole 235 million coins. The amount is equivalent to 15 thousand dollars.
We are talking about the bug that was recently fixed developers BitcoinCore. It could be used to disable part of the network of Bitcoin, as well as for release for more coins over the limit of 21 million tokens installed Satoshi Nakamoto.
How to defend your crypt from hackers
The Vulnerability has been fixed in the network of the first cryptocurrencies, however, is preserved in the blockchain of many altcoins. And the sudden fame is unlikely to play into the hands of the creators of the coins caught in the hands of criminals tokens make up almost a quarter of all PGN in circulation. At the time of this writing, this 970 million coins.
One of the two exchanges called CryptoBridge suspended trading token during the investigation. Now Pigeoncoin on 1446 place on capitalization among the largest cryptocurrency in ranking Coinmarcketcap.
The Situation with Pigeoncoin demonstrates that CVE-2018-1744 was really very dangerous to the first cryptocurrency. The Cornell University Professor and expert on cryptocurrency Michael OTS stated that the coins on the basis of Bitcoin will be easy prey for attackers. But only if they did not pay enough attention to eliminate vulnerabilities.
The So-called Copycat coins (generated on the principle of copy and cut the excess) by definition, at risk. There are certain groups of people who are looking for bugs in the code Bitcoins and use them to hack a small token.
Have you Encountered Pigeoncoin? Share your answers .
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