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Crypto PIVX Developers Responded Regarding Vulnerability Allegations

By Natalie Wu | August 16, 2019
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Developers of the private transactions crypto firm PIVX has reportedly issued a response, regarding bug vulnerability allegations from Lunar Digital Assets.

Reported on August 13, PIVX developers has replied to a comment coming from Han Yoon – head of crypto consulting company Lunar Digital Assets. They claimed that their proof-of-stake (PoS) algorithm witnessed zero increase in attacks, and both PIVX and its users’ funds are still safe.

Per the report, the “fake stake” exploit, which occurred in February this year, has been thoroughly resolved, and its network stability and chain trust are still functionally operable at the moment.

However, a few abnormal notes have been noticed regarding the PIVX network with respect to low stake values. The developers revealed that some uncommon activities took place when low stake values receive more rewards, but it has no effect on coin or reward emissions.

“The author of the article […] was informed of the investigation by PIVX, but chose to jump to false conclusions instead of waiting for the proper response.” The developers added.

Previously, Han Yoon commented that an exploitable bug has appeared on PIVX and its forks. Per Yoon, though the problem was handled in January, but believed that it was vulnerable for exploitation again.

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