this post was submitted on 25 Jul 2024
19 points (85.2% liked)
Monero
1675 readers
24 users here now
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
Wallets
Android (Cake Wallet) / (Monero.com)
iOS (Cake Wallet) / (Monero.com)
Instance tags for discoverability:
Monero, XMR, crypto, cryptocurrency
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Am I reading this wrong, or did they just spend 30 grand to cause a temporary denial of service and call it a 0-day?
Partially. For the Monero blockchain itself this is basically it but the spam also enabled them to withdraw funds ($300k) from darknet markets multiple times in a row, since their withdrawal systems didn't account for transactions being this delayed.
Which is undoubtedly an exploit, but it seems to be one in the exchange rather than one in Monero. Still a massive bug though, and I hate to say this but I kind of agree that any exchange that lets you do that shouldn't be in business
Well, many of the exploited ones are already gone.