Hackers exploit Bitcoin inflation bug to print 235M fake Pigeoncoins



pigeoncoin 796x431 - Hackers exploit Bitcoin inflation bug to print 235M fake Pigeoncoins
The collateral damage from Bitcoin’s epic inflation bug continues to spread. The developers of small-cap cryptocurrency Pigeoncoin have confirmed hackers successfully exploited the vulnerability to print 235 million Pigeoncoins, worth around $15,000. Attackers exploited remnants of bad Bitcoin code to work around Pigeoncoin’s ‘strict’ 21 billion supply, CoinDesk reports. This represents the first time hackers have successfully exploited the inflation bug in the wild. Last week, attackers used it to split the controled Bitcoin testnet into two separate blockchains. Recently, security researchers discovered a potentially crippling flaw in Bitcoin Core that could have been leveraged to print practically infinite amounts of Bitcoin, inflating its supply…

This story continues at The Next Web

Or just read more coverage about: Bitcoin