Beam announces the "critical" vulnerability in Crypto's Wallet by Mimblewimble


The Beam team, a recently published privacy-oriented cryptocurrency, announced Wednesday that a "critical vulnerability" was discovered in its software wallet.

Disseminate information from their official chirping account, Beam invited users to immediately uninstall the Beam Wallet application and download a patch version of the application from their website again. The GitHub page of the project – which echoes the warning about the wallet software – states that "the details about the vulnerability and the CVE will be published within a week to avoid exploits".

The GitHub page also states:

"[The] The vulnerability affects all Beam Wallets previously released both Dekstop and CLI. DO NOT DELETE THE DATABASE or other data in the portfolio. The vulnerability does NOT affect portfolio data, secret keys or passwords. "

The announcement specifies that the vulnerability found in the wallet software was detected solely by the Beam developer team "and not reported elsewhere". In a post on Discord, CTO Alex Romanov stated that "the problem was already solved" and that miners and nodes are not interested

The situation arrives a few days after Beam became the first cryptocurrency to be used live using the privacy technology known as Mimblewimble, which is advertised as a means by which transactions can be made confidential and not truly traceable. Beam was launched before Grin, another implementation of the technology that should be launched next Tuesday.

Beam of light image via Shutterstock

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