Crypto

Bisq Suffers From a Major Exploit, 7 Users Lose Funds

Although decentralized exchanges are gaining popularity as of late, that business model can still cause some issues sooner or later. Bisq, one of the trading markets in this space, has suffered from a critical vulnerability.

The Bisq platform usually doesn’t get that much attention in terms of news.

A Major Problem for Bisq

It has been around for a while, and users seem happy to go through its motions.

However, the platform recently suffered from a security incident.

A hacker was able to exploit a flaw in the Bisq trade protocol.

This allowed the culprit to steal trading capital, resulting in 7 people losing money. 

Due to this attack, the hacker managed to steal 3 BTC and roughly 4,000 XMR.

A blog post depicts the attack and how Bisq has upgraded its trade engine roughly half a year ago.

It is pertinent to note that this particular attack has nothing to do with how funds are stored.

Instead, it was an exploit affecting the way trades are carried on the platform.

All trading on Bisq was halted once the bug was identified. 

A new version of the protocol has been introduced by the developers, and the bug is no longer present.

As of right now, there is no word on whether the funds can be recovered in some way, albeit that seems unlikely.


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JP Buntinx

JP Buntinx has been writing about cryptocurrency since 2012. His interest in crypto, blockchain, fintech, and finance allows him to cover a broad range of different topics.

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