News
Hackers Exploit Flaw In Decentralized Exchange Bisq To Steal Over $250k
Summary: Users of the decentralized cryptocurrency exchange Bisq lost over $250,000 worth of cryptocurrency, after hackers were able to exploit a significant software flaw. Bisq disabled trading late Tuesday night after hackers were able to exploit flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital. The hackers were able to ...
Users of the decentralized cryptocurrency exchange Bisq lost over $250,000 worth of cryptocurrency, after hackers were able to exploit a significant software flaw.
Bisq disabled trading late Tuesday night after hackers were able to exploit flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital.
The hackers were able to steal around $22,000 worth of bitcoin (BTC) and $230,000 worth of monero (XMR) by setting other users' default fallback address, the destination to which crypto is sent to if a trade fails, to their own. The hackers would then pretend to be a seller, they would start a trade with a buyer and wait for the time limit to run out. After time ran out the buyer's payment and security deposit would be redirected to the attackers.
By Ramsey Baker
Tags: Bisq,Cryptocurrency,Hackers
Link: Hackers Exploit Flaw In Decentralized Exchange Bisq To Steal Over $250k [Copy]
