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Bitfinex CTO: Hackers attempted a "partial payment vulnerability"

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Post time 24-1-2024 21:13:15 | Show all posts |Read mode
On January 15th, according to a report from Cointelegraph, Paolo Ardoino, Chief Technology Officer of Bitfinex, stated that on January 14th, a transaction worth nearly $15 billion, or 25.6 billion XRP, flowing from an unknown wallet to Bitfinex did not go through. This transaction was an attempt by someone to attack Bitfinex using a "partial payment vulnerability." The potential attacker expected that the exchange had misconfigured its software to handle partial payments.

It is reported that the working principle of the partial payment vulnerability is based on the assumption that a company's system is incorrectly configured to only read the "amount" field of XRP transactions – a field set to a higher amount. In reality, the amount sent by the hacker is much smaller than specified in another transaction field, with the aim of obtaining credit for the difference from the company. Bitfinex successfully thwarted this attack as its system correctly processed the "delivered_amount" data field of the transaction. According to blockchain data, the attacker also attempted a 58.9 billion XRP transfer attack on Binance, which also failed.
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Post time 24-1-2024 23:39:05 | Show all posts
It's still necessary to choose a wallet with strength for trading.
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Post time 24-1-2024 23:42:10 | Show all posts
In any case, it's essential to be cautious and prioritize security first!
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Post time 25-1-2024 04:38:43 | Show all posts
It's quite good, and it's one of the few wallets that can be used.
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Post time 25-1-2024 04:42:01 | Show all posts
The vulnerability was not exploited in this case.
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