CVE Report for Bitcoin Core Revealed a Security Flaw that Could Bring Down Part of the Network

Colleagues, the recent Common Vulnerabilities and Exposures Report (CVE-2018-17144 Full Disclosure) states, “a fix for which was released on September 18th in Bitcoin Core versions 0.16.3 and 0.17.0rc4, includes both a Denial of Service component and a critical inflation vulnerability”. A cybercriminal exploited this bug to create new Bitcoin, which in turn would have deflated Bitcoin value by increasing the supply of the currency above the 21 million hard-cap. Matt Corallo, Bitcoin Core developer and Chaincode engineer acknowledged that if this bug has gone undetected someone could have launched a cyber-attack to print an unlimited number of BTCs. According to CoinMarketCap, global Bitcoin market capitalization exceeds $115.6B USD far outpacing Ethereum, which is valued at $24.6 USD. Bottom line: The world’s most valuable (and popular) cryptocurrency is prone to vulnerabilities and is subject to cyber crime. This is just one reason why regulators such as the US SEC question is legitimacy as a financial “security”. Post a comment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)