Critical vulnerability detected in wallet, Beam project reports

Posted 10 January, 2019

On Wednesday, the privacy cryptocurrency project – Beam – reported a critical vulnerability that was detected in their wallet software.

The project coin Beam became the first crypto that started using so-called  Mimblewimble protocol, which enables private and confidential transactions without possible tracing. For reference, the second coin to use this protocol was Grin.

The project team has posted a notice in their official Twitter account saying that all users should uninstall the Beam Wallet and then download the latest version of the application with the patch from the official website. 

"Critical Vulnerability was found in Beam Wallet today. The vulnerability was discovered by Beam Dev Team", reported the company, adding "DO NOT DELETE THE DATABASE or any other wallet data. The vulnerability does not affect wallet data, secret keys or passwords."

The company stated that that more details regarding this issue, including vulnerability and CVE, will be unveiled in the near term.

Notably, there were no reports about this vulnerability anywhere else. Beam spokesperson commented that their technical team fixed the problem without any impact on miners.

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10 January, 2019 16:52

← SEC: Four Thai companies win crypto licenses

Four companies dealing with cryptos were awarded digital asset business licenses in Thailand this week. This decision was reportedly based on the guidance of the Securities and Exchange Commission of Thailand. Two firms Cash2coin and Southeast Asia Digital Exchange (SEADEX) were not so lucky and failed to win the license. The application filed by Coin Asset Co. remains under consideration.

SEC: Four Thai companies win crypto licenses

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Two EU regulators release advice for crypto rules →

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