Home Coins Bitcoin Cash (BCH) Ledger Crypto Pockets Claims Purported Vulnerability Is Person Expertise Flaw

Ledger Crypto Pockets Claims Purported Vulnerability Is Person Expertise Flaw



528 aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lODYzNDMzYzUwOTEwNDkzNGFkM2Y1OTNlNzllNDUyYi5qcGc=

Main crypto {hardware} pockets producer Ledger has denied that its product’s transaction administration software program featured a double-spend vulnerability.

In accordance with Ledger’s CTO Charles Guillemet, the vulnerability just lately revealed by software program pockets ZenGo is — actually — nothing greater than a consumer expertise flaw. He illustrated the character of its {hardware} pockets companion software program Ledger Dwell to Cointelegraph:

“It’s essential to grasp that quite than an assault, the precise flaw could also be seen extra as a intelligent piece of trickery. Trickery is just not a vulnerability. Nevertheless, we do need to stop anybody from falling sufferer to those sorts of intelligent schemes. […] It’s only a UX situation that may very well be utilized by a dishonest product purchaser. ”

The claims should not new

ZenGo’s claims are carefully associated to these launched by Bitcoin Money (BCH)-focused agency BitcoinBCH on the finish of 2019. On the time, the agency’s CEO Hayden Otto defined in a video how a Bitcoin (BTC) point-of-sale resolution misled retailers into believing non-confirmed transactions have been ultimate and accepting them.

Like BitcoinBCH, ZenGo famous that Bitcoin’s replace-by-fee (RBF) characteristic can simply permit customers to interchange an unconfirmed transaction with a brand new one with a distinct goal tackle that has a better charge. It’s value noting that this characteristic solely makes it simpler to leverage the non-finality of unconfirmed transactions, a factor that’s tougher, however nonetheless doable with out RBF.

Moreover, ZenGo’s report additionally factors out that RBF “doesn’t introduce any new vulnerabilities in itself” and as a substitute “it explicitly places the duty on pockets functions and customers’ to establish unconfirmed transactions as unsafe.” That is confirmed by Guillemet:

“We need to thank ZenGo for having responsibly disclosed this situation to us. […] We do need to stop anybody from falling sufferer to those sorts of intelligent schemes. A option to stop that is after all to guarantee that any transaction is first confirmed. Ledger Dwell is releasing an replace on July 2nd. A warning is now displayed on pending transactions.”

ZenGo mentioned that it was awarded a bug bounty for bringing consideration to the difficulty.



Learn the unique article right here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
473FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,581FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.16
GBP
1.28
CHF
1.08
NOK
0.10
JPY
0.01
CAD
0.75
AUD
0.71

Most Popular

trader says 23 factors show a rally is due

A pseudonymous Bitcoin (BTC) trader outlined 23 key technical and fundamental factors that could buoy BTC’s medium-term bull case.The data points shared by...

The new Synthetix Stats website is now live!

The new Synthetix Stats website is now live! You've successfully subscribed to Synthetix Blog Great!...

The OCC’s Stablecoin Statement Is a Seed of Financial Innovation

An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead.The U.S. Office of...

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days

During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s...
bitcoin
Bitcoin (BTC) $ 10,889.29
ethereum
Ethereum (ETH) $ 358.64
ripple
XRP (XRP) $ 0.244423
tether
Tether (USDT) $ 0.999657
bitcoin-cash
Bitcoin Cash (BCH) $ 230.11
bitcoin-cash-sv
Bitcoin SV (BSV) $ 170.77
litecoin
Litecoin (LTC) $ 46.57
eos
EOS (EOS) $ 2.60
binancecoin
Binance Coin (BNB) $ 26.64
okb
OKB (OKB) $ 6.18
tezos
Tezos (XTZ) $ 2.21
leo-token
LEO Token (LEO) $ 1.25
cardano
Cardano (ADA) $ 0.103770
monero
Monero (XMR) $ 97.68
stellar
Stellar (XLM) $ 0.073860
chainlink
Chainlink (LINK) $ 10.79
huobi-token
Huobi Token (HT) $ 4.63
tron
TRON (TRX) $ 0.026736
usd-coin
USD Coin (USDC) $ 0.999528
dash
Dash (DASH) $ 69.42
neo
NEO (NEO) $ 20.86
iota
IOTA (MIOTA) $ 0.265814
nem
NEM (XEM) $ 0.121466
zcash
Zcash (ZEC) $ 57.32
maker
Maker (MKR) $ 518.41
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.44
vechain
VeChain (VET) $ 0.013433
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.65
kucoin-shares
KuCoin Shares (KCS) $ 0.853133
waves
Waves (WAVES) $ 2.48