Bitcoin hugs the $8000 mark after a mighty recovery on the weekend

11m
coininsider

Top 7 Cryptocurrency Lending Platforms in 2019

11m
nulltx

Bitconnect ‘2.0’ Claims Binance Listing for July Launch –

13m
cryptonewmedia

Bitcoin [BTC] enthusiasts discuss recent price surge, state of crypto-ecosystem |

15m
cryptonewmedia

Bitcoin Has Soared Above Intrinsic Value During Latest Rally, JPM…

16m
cryptonewmedia

Bytecoin Undergoes Long Awaited Hardfork

16m
cryptonewmedia

Facebook Registers New Fintech Company in Geneva

17m
cryptonewmedia

Bitcoin Airs on 60 Minutes; 'Bitcoin' Google Searches Hit 14-Month High; Binance Recaps Hack

18m
cryptoglobe

Crypto Confidence Rising As BTC Surpassed $8k

36m
cryptodaily

JP Morgan Confirms Bitcoin Price Surge Mimics 2017 Bull Run

42m
coingape

Bitcoin [BTC] proponent Antonopoulos says borderless censorship resistant form of identity is…

1h
cryptonewmedia

Tom Lee: Bitcoin’s Move Back to $8,000 Confirms The End of Crypto…

1h
cryptonewmedia

Bitconnect ‘2.0’ Claims Binance Listing for July Launch…

1h
cryptonewmedia

BTC/USD May Break Down $7,812 and Target $7,440

1h
cryptonewmedia

Binance Coin (BNB) Hits All-time High

1h
investinblockchain

Binance Coin (BNB) Hits All-time High

1h
investinblockchain

Mastercard Invests $1 Billion into India Fintech

1h
bitcoinnews

Ethereum-Based Stock Exchange Plans First Company Listing in June

1h
coindesk

Fundstrat’s Tom Lee Explains How It’s Been ‘Confirmed’ That Crypto Winter Is Over

1h
cryptoglobe

CZ Talks About Immediate Aftermath of $40 Million Hack

1h
investinblockchain

Scam Alert: Bitconnect ‘2.0’ Claims Binance Listing for...

1h
bitcoinist

Stellar Lumen (XLM) Price Could Resume Rally Above $0.1500

1h
livebitcoinnews

mBitcasino announces support for FIAT currencies

1h
coingape

Cryptocurrencies Pose No Threat to Financial Stability: EU Central…

1h
cryptonewmedia

Bitcoin [BTC] proponent Antonopoulos says borderless censorship…

1h
cryptonewmedia


Bitcoin Cash Developer Liquidates Address of Attacker Who Exploited BCH Bug

Calin Culianu, a Bitcoin Cash developer who works on the Electron Cash wallet, has recently fired back against the hackers who exploited a bug in the Bitcoin Cash blockchain to get miners to find empty blocks right after its scheduled May 15 hard fork.

Speaking to CoinSpice, Culianu revealed that right after he saw the attack was occurring and that the BCH blockchain wasn’t processing transactions, he “panicked” and “thought it was the end of the world.”

Right after Bitcoin ABC developers deployed a patch that fixed the bug and things got back to normal, he claims to have realized it was possible to get back at the attackers. As such, he got together with other developers to collect information, and soon realized the attackers “didn’t use crypto keys to secure their funds.”

BCH came under attack today, due to an old bug in block template creation. Attack led to empty blocks for a short while, until patched, otherwise had little effect.

After digging through block explorers to figure out the attackers’ addresses, the developers claim to have been able to collect over 1.2 BCH (around $470) from the attackers in over 3,000 transactions. The funds, he claims, will be split with his “accomplices.”

To liquidate the attackers’ addresses, Culianu explained he remembers seeing they made “some funny transactions” to trigger the bug. After looking at data from these transactions, he told the news outlet some patterns “specify how to spend it.” Referring to these patterns, he said:

It’s Bitcoin Op Code, which lacks a signature … some garbage they used to attack the BCH network. Anyone can make one of those because it’s not cryptographically secure, and then redeem all their funds.

On Reddit, he bragged about his accomplishment, and received various tips from the cryptocurrency’s community for managing to get back at the attacker. Culianu noted that he believes there are other BCH wallets he didn’t get to without cryptographic keys guarding them, and estimates nearly 3 BCH ($1,200) are still up for grabs.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments