Security Firm Identifies Potential Tether (USDT) Double-Spend Bug

SlowMist, a Chinese cybersecurity firm, has recently pointed out a transaction that should have some worried, as the user managed to double the value of 694 USDT.

On Thursday, a blockchain centric cybersecurity firm, issued a Tweet which drew attention to a questionable USDT transaction. According to the automated translation of the Tweet, originally given in Mandarin Chinese, the user was able to illegitimately add USDT value to the exchange’s server, giving a guise of added funds.

This vulnerability essentially allowed the user to be potentially credited for USDT that was not sent to the exchange.

It is unclear whether the exchange affected, which remained unnamed, has made any actions to amend the issue.

 

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