CryptoLitecoin rewrites chain history after privacy exploit

Litecoin rewrites chain history after privacy exploit

-



Litecoin suffered a deep chain reorganization on Saturday after attackers exploited a zero-day bug tied to its MimbleWimble Extension Block privacy layer, according to the Litecoin Foundation.

Summary

  • Litecoin reversed 13 blocks after attackers exploited a zero-day bug in its MWEB privacy layer.
  • Attackers used the fork window to attempt double-spends against several cross-chain swap protocols.
  • The Litecoin Foundation said the bug has been patched, while some venues reported losses.

The Foundation said the bug allowed older mining nodes to accept an invalid MWEB transaction. This created a fork that lasted more than three hours before the network restored the main chain.

Invalid transactions erased from chain history

The incident affected blocks 3,095,930 to 3,095,943, according to Aurora Labs CEO Alex Shevchenko. He described the event as a “coordinated attack” in a post on X.

A 13-block reorganization removed the invalid transactions from Litecoin’s main history. The Foundation said valid transactions made during that period remained unaffected.

Moreover, attackers used the fork window to attempt double-spend transactions against cross-chain swap protocols. These platforms had accepted MWEB peg-outs that later became invalid after the reorganization.

Shevchenko said, “The exposure for NEAR Intents is around $600k.” He also warned trading venues to review Litecoin transactions and balances, adding, “We see a lot of double spend transactions.”

Foundation says bug is patched

The Litecoin Foundation said the zero-day bug has now been fully patched. It did not name the affected mining pools or disclose how much LTC the invalid transactions attempted to create.

The attack marks the first known major exploit targeting MWEB since Litecoin activated the privacy feature in May 2022. LTC traded near $56 after the disclosure, down about 1% on the day.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

TRUMP Token Crashes 20% After Mar-a-Lago Event and Trump Team Sell-Offs

The price drop was instant after the conclusion of the event, making it another 'sell-the-news' move for the...

Strategy trades at nine-month low multiple to its bitcoin holdings

Investors are willing to pay the worst premium in nine months for MSTR shares as a multiple of...

New Pentagon Plan Would Pour $54B Into Drones, AI Combat Systems

The Pentagon is seeking about $54 billion for autonomous warfare and drone systems, a huge bet that is...

Brazil Bans Predictions Markets, Report Highlights Region’s Mining Potential

Key Takeaways: On April 24, Brazil banned non-financial prediction markets, restricting future derivative trades. Hashrate Index...

Advertisement

Bitcoin dips below $90K hours after SBF tweets for first time since entering prison

The dip to $88,780 represents a 19% slide from January’s $109,114 all-time high and is BTC’s lowest point...

Must read

TRUMP Token Crashes 20% After Mar-a-Lago Event and Trump Team Sell-Offs

The price drop was instant after the conclusion...

Strategy trades at nine-month low multiple to its bitcoin holdings

Investors are willing to pay the worst premium...

You might also likeRELATED
Recommended to you