Bitcoin double-spend spotted in the wild

There was a stagnant Bitcoin block today, at height 666,833. In July, crypto security firm ZenGo recognized a double-spend make use of targeting numerous popular Bitcoin wallets. While the wallet manufacturers moved to deal with the make use of, Bitcoin Cash advocate Hayden Otto cautioned the vulnerability may be inherent to BTCs replace-by-fee performance. He d earlier made use of the exact same vulnerability in a viral video.

BitMEX Research has actually recognized a thought double-spend deal valued at 0.00062063 BTC or approximately $21– and it does not appear to be a circumstances of that popular replace-by-fee wallet hack.
On Jan. 20, BitMEXs ForkMonitor noted that “numerous blocks were produced at height 666833.” BitMEX Research tweeted:
There was a stale Bitcoin block today, at height 666,833. SlushPool has beaten F2Pool in a race.
It looks like if a small double spend of around 0.00062063 BTC ($ 21) was detectedhttps:// t.co/ o8lz9xagYG pic.twitter.com/IEdPu8JEjt
— BitMEX Research (@BitMEXResearch) January 20, 2021
One hour later, BitMEX Research associated the orphaned block to an RBF transaction, which is where an unconfirmed transaction is changed with a new transfer paying a greater charge. ForkMonitor has given that upgraded its recommendations to say: “No (RBF) bumps have actually been discovered.”
Twitter-user and BSVs Australian advocate Eli Afram kept in mind the “blended messages” from BitMEX Research, asserting the double-spent deal must be cause for concern in spite of its small worth:
” So it appears a real Double-Spend has happened on BTC … Not an RBF (replace-by-fee), but an actual double spend. A mere 22USD … however– this might have been 22million.”
Satoshi Nakamotos Bitcoin Whitepaper is credited with having resolved the double-spend issue in 2009. The difficulty of making sure that a decentralized network can autonomously validate that the same coins have actually not been transferred more than as soon as had stymied earlier tries at digital money..
In July, crypto security firm ZenGo identified a double-spend make use of targeting numerous popular Bitcoin wallets. While the wallet makers transferred to resolve the exploit, Bitcoin Cash advocate Hayden Otto cautioned the vulnerability might be inherent to BTCs replace-by-fee functionality. He d previously made use of the exact same vulnerability in a viral video.
Title: Bitcoin double-spend spotted in the wild.
Sourced From: cointelegraph.com/news/bitcoin-double-spend-spotted-in-the-wild.
Published Date: Thu, 21 Jan 2021 05:48:25 +0000.
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