Litecoin’s MWEB Bug Let An Attacker Create 85,034 LTC
Litecoin developers have disclosed that a critical validation flaw in the network’s Mimblewimble Extension Block implementation allowed an attacker to create an inflated pegout of 85,034.47285734 LTC in March 2026, before a coordinated emergency response recovered the funds and neutralized the accounting imbalance. The incident, detailed in a postmortem published by Litecoin developer David Burkett […]
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Litecoin’s MWEB upgrade that makes transactions confidential comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines. Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.Binance warned that any transaction sent through the MWEB function would be lost since the crypto exchange can’t verify the sender’s address. The crypto exchange didn’t respond to Cointelegraph’s request for comments at the time of publishing.The announcement comes just days after major....
Litecoin major update MimbleWimble (MWEB) has been approved by a majority of the nodes and locked in for activation. This process will be completed in the next two weeks, at the height of block 2 million, or May 19th, according to David Burkett, lead MWEB developer. Related Reading | Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over? Burkett confirmed that users with the updated version (0.21.2) of the software will be able to start transacting with MWEB capabilities. This version is set to be released today after multiple years of development. Burkett said:....
Litecoin may have recently activated its long-awaited privacy-based upgrade, but not without creating some regulatory compliance issues. Litecoin is one of the earliest alternative coins (altcoins) that came to light after Bitcoin (BTC). Created in October 2011, it is now the 20th most valuable cryptocurrency, boasting a market capitalization of over $4 billion, according to CoinMarketCap data.The MimbleWimble upgrade was first conceived more than two years ago as part of the Litecoin Improvement Proposal. That was in November 2019, as the network started planning on enhancing anonymity....
Bearish sentiment continues to cloud the broader crypto market, and Litecoin appears to have taken a notable hit, forcing its price to retest key support levels. However, the waning price performance has failed to hinder Litecoin’s blockchain development, which is demonstrating a bullish trend. A Shift In Litecoin’s Blockchain Maturity Even though its price has […]
Litecoin this week feels quite sure. Having fixed its price higher than 0.08, the exchange rate of LTC:BTC isn't going to fall yet. However, only because of falling Bitcoin prices, Litecoin decreased almost to $3. At the beginning of the week, Litecoin’s price was slightly above where it is now, approximately at $3.15. The local top of $3.300 turned into a deep collapse and after falling on a course to $3, Litecoin’s price did recover a bit. Now, Litecoin’s price sits at about $3.10, and next week it will be at $3 and below. Purchases of Litecoin lower than $3 are of interest, especially....