• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    mining

    Increased Demand Requires Increase in Nodes. Here’s Everything You Need to Know About Bitcoin Mining During Lockdown

    Bitcoin wallet

    BitcoinOfficial.org- Create a Bitcoin Wallet. Official Website.

    Bitcoin price

    What Drives Bitcoin Price?

    Mining

    Railway Authorities in Ukraine Shut Down Unlawful Mining Outfit

    Bitcoin

    Economic Crises Will Not Affect Bitcoin: Ledger Founder

    Supply and Demand

    Bitcoin’s Demand and Supply Dynamics are Constant: Bitwise COO

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    price prediction

    Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

    XTZ

    TEZOS (XTZ) Join the Top 10 Crypto Coin List

    MakerDAO

    MakerDAO to Implement New Security Feature After Loophole Detected in System

    BCH

    BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

    CUSD Stablecoin

    Canadian BVCI Launches Another Stablecoin CUSD

    EOS network

    EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    best crypto airdrops

    List of the Best Crypto Airdrops for July 2022

    How to Withdraw Money from Crypto.com

    How to Withdraw Money from Crypto.com

    4x.fm

    4x.fm Launches a New Copy Trader Technology

    best mining motherboard

    Best Mining Motherboard for Cryptocurrency in 2022

    Where to Buy Evergrow Coin

    Where to Buy EverGrow Coin – A Complete Beginners Guide

    how to buy safemoon on bitmart

    How to Buy Safemoon on Bitmart – A Complete Beginners Guide

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Minting Attack: Critical Vulnerability Found in Ethereum Framework

Solomon M. by Solomon M.
November 22, 2018
in Altcoin News, Ethereum

Level K, a smart contract and decentralized application development company, has discovered a critical security weakness in the Ethereum blockchain. The vulnerability would have allowed an attacker to reward himself large amounts of GasToken when receiving Ethereum’s native cryptocurrency ETH. It is still not clear how many exchanges have been possibly affected by the bug. Also, there is no report that hackers have successfully exploited the weakness to mint GasToken.

According to a Medium post published Nov. 21; many exchanges have been notified privately about the vulnerability. The disclosure urged all the parties to review their logs to determine whether they have been affected by this attack. The disclosure reads in part:

“Many exchanges allow the withdrawal of Ethereum to arbitrary addresses with no gas usage limit. Since sending Ethereum to a contract address executes its fallback function, attackers can make these exchanges pay for arbitrary computation. This allows attackers to force exchanges to burn their own Ethereum on high transaction costs. Attackers may even benefit financially by mining TokenGas.”

As per the report, an address can carry out arbitrary computations at the cost of the person who initiated the transaction, when ETH is sent to that address. Therefore, it would be possible for such an attack to become profitable for the dishonest party.

The disclosure also stated that this bug doesn’t affect exchanges that process Ethereum transactions. Only those who initiate Ethereum transactions are affected.

The researchers discovered the security vulnerability last month. They immediately notified the founders of GasToken, and several parties that could have been attacked by it.

The discovery of this vulnerability is a clear sign the blockchain is not as safe as people think. Early this year, a group unearthed a security weakness in crypto exchange Coinbase, which allowed bad actors to steal unlimited amount of ETH.

You can read the full report here.

 

Tags: ETHEthereumTokenGas
Previous Post

MV Index Solutions, a VanEck Subsidiary Launches Index Tracking OTC Bitcoin Price

Next Post

Transfer Wise Hasn’t Seen the Benefit of Using Ripple Technology

Solomon M.

Solomon M.

Invest at your own risk notice : The information on this website and the links provided are for general information only and should not constitute any financial or investment advice. We strongly recommend you to conduct your own research or consult a qualified investment advisor before making any financial decisions. We are not responsible for any loss caused by any information provided directly or indirectly on this website.

Related Posts

price prediction

Bitcoin, Ethereum, and Ripple Price Prediction in June 2020

by Anca F.
May 28, 2020

We will be reviewing some of the historical price trends and market opinions so that we can formulate a price...

XTZ

TEZOS (XTZ) Join the Top 10 Crypto Coin List

by Tony P.
December 12, 2019

If the current rally of the Tezos project is anything to go by, the crypto coin XTZ has joined the...

MakerDAO

MakerDAO to Implement New Security Feature After Loophole Detected in System

by Tony P.
December 10, 2019

The Maker Foundation has proposed a new security feature that will help it avoid losing all its collateral investments to...

BCH

BCH Successfully Completed a Scheduled Fork, Added Minor Upgrades

by Tony P.
November 16, 2019

Bitcoin Cash (BCH) successfully underwent its fork scheduled for November 15 at 12:00 GMT. The fork aimed to assist in...

CUSD Stablecoin

Canadian BVCI Launches Another Stablecoin CUSD

by Tony P.
November 11, 2019

The Canadian firm Blockchain Venture Capital Inc. (BVCI) has launched a new stablecoin christened CUSD, whose value will be attached...

EOS network

EOS Network Is Running on Borrowed Resources After EIDOS Airdrop

by Tony P.
November 10, 2019

Even if the EOS Network concentrates on distributing the new digital coin EIDOS, the platform is riddled with challenges. According...

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

Guides & Reviews

best crypto airdrops

List of the Best Crypto Airdrops for July 2022

July 1, 2022
How to Withdraw Money from Crypto.com

How to Withdraw Money from Crypto.com

June 29, 2022
4x.fm

4x.fm Launches a New Copy Trader Technology

June 27, 2022
best mining motherboard

Best Mining Motherboard for Cryptocurrency in 2022

June 27, 2022
  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.