Dash reports vulnerabilities in its wallet; urges users to create new HD wallet

  • 12 July 2019, Friday, 08:40

Dash Wallet reported an oversight on July 12, wherein an externally loaded script was reported to send users private keys to a server. Dash’s official Twitter handle informed the community about such activities and urged users to not use the wallet until the team handles the situation. The Twitter handle tweeted,

“A vulnerability has been found in https://mydashwallet.org/ please do NOT use the wallet until further notice ! (externally loaded JS sending private keys to a remote server) #dash #DigitalCash #Crypto”

It is harmful to have any external script loaded and in Dash’s case, this was the result of an oversight by web developers. Dash explained,

“…the script was unused for a year, but not removed (now is). luckily it is cached and only users that didn’t have it exactly at May 13th when the external site was compromised should have downloaded it.”

Even though the team successfully removed the external library, it has asked users to create new Hierarchical Deterministic [HD] wallets and move funds there.

Dash, unlike other major alts, has not been impacted much by Bitcoin’s wavering price. Instead, it has been growing within its ecosystem. In June, 2gether, a European payments app added Dash to its platform, thus allowing the crypto-holder to spend it via a Visa debit card.

Dash, at the fifteenth position on CoinMarketCap, noted a growth of 4.12% over the day, putting its price at $146.10. Despite Dash reporting a loss of 5% over the week, it was trying to make up for the losses at press time, noting a growth of 0.48% within the hour. The market cap of the coin stood at $1.30 billion and the 24-hour trading volume was $243.59 million.

Source: ambcrypto.com