Confidentially oriented crypto para Monero (XMR) came to the crypto-money community's agenda with a security issue. A blog post published on Sunday (March 3rd) mentions a problem detected in XMR wallets. According to experts, this problem allows the exchange of cyber attacks on stock exchanges. Fortunately, the team soon solved the problem and published a patch.
Threatening Exchanges
According to the blog post published on the subject, a mail that warns the service operators using the exchanges and Monero, was sent to the mailing list created for the announcement of Monero. After this mail, Monero's team interested in the system vulnerabilities was aware of the problem. The problem was about the mismanagement of the Coinbase transactions and the stock markets could have threatening consequences.
More precisely, mismanagement, which led to the problem identified in the XMR wallet, allowed malicious people to monetize the amount of Moneroes they wanted to fake on a stock exchange. There are also parameters related to the problem wallet. In this way, Monero team in a short time to prevent the problem of the wallet put into effect.
The Monero Team
After the work done by the team at Monero, the problem was solved and details about the subject were shared on the team's Twitter page.
Such problems can be experienced from time to time in the crypto money market that is still in development. However, in the traditional financial system, we witness some problems related to banking or payment systems.
