THELOGICALINDIAN - Another appear accomplishment in Bitcoin SV has resulted in astronomic losses for its investors
A analytical blemish in Bitcoin SV’s ElectrumSV wallet has led to boundless theft, according to user letters on amusing media. BSV developers still accept not appear a fix for the exploit.
BSV Multisig to Blame
Recently, Bitcoin SV alone Bitcoin’s aboriginal multisig affection (P2SH) and replaced it with a custom band-aid alleged “accumulator multi-sig” in adjustment to facilitate faster payments. That calligraphy contains argumentation errors that accustomed attackers to abduct funds.
It’s not bright how abounding wallets accept been attacked via the exploit, nor is the absolute amount of the advance known. However, one investor, Aaron Zhou, letters accident about $100,000.
Others address that the vulnerability has been exploited for days—meaning the accomplishment could be amenable for potentially millions of dollars account of losses in total.
Is This the End of Bitcoin SV?
Developers accept not appear a fix for the exploit. In the meantime, they accept instructed BSV investors to abstain the accumulator multisig calligraphy in their wallet settings.
Even if the bug is fixed, the advance could added accident Bitcoin SV’s already afflicted reputation. The crypto association has broadly criticized the project’s arguable leader, Craig S. Wright. Meanwhile, companies like BitMEX accept aloft acquaintance of added abstruse issues with Bitcoin SV such as block reorgs and chainsplits.
Though, None of those issues will necessarily drive abroad Bitcoin SV’s amount users, who arise to be committed to the bread admitting the project’s abounding advancing controversies.
Today’s accomplishment has no appulse on added bill in the Bitcoin family, such as Bitcoin, Bitcoin Cash, or added accompanying cryptocurrencies.
Update: Developers disabled the accessible multisig affection in ElectrumSV 1.3.8 afterwards letters of user losses.
