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One of the security vulnerabilities enabled attackers to trick exchanges into thinking they had deposited large sums of monero.
SeveralĀ security vulnerabilities have been disclosed by Monero, including one that could have been exploited to stealĀ xmr fromĀ exchanges,Ā reports on the breach disclosure platform HackerOne revealed on July 3.
The vulnerability theoretically enabled attackers to send counterfeit xmr to an exchange. Once theĀ fraudsterās account was credited, they could then convert it into otherĀ coins and make a withdrawal, leaving the exchange out of pocket.
Describing the critical breach they uncovered, the lead developer for CUT coin added:
āIt is our belief that the vulnerability cannot be used to "mint" real, transactable monero out of thin air.ā
A bounty of 45 xmr (about $4,000) was paid to the developer for their efforts.
Most of the vulnerabilities recently disclosed to HackerOne were identified a few months ago, but they have since been resolved.
In April, monero developersĀ fixed a bug concerning theĀ Ledger hardware wallet that made it look like user funds had disappeared.
TheĀ privacy-focusedĀ altcoin is 14th in theĀ rankings of the biggest cryptocurrencies by market capitalization according toĀ CoinMarketCap.
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