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Bad Ravencoin Code Allows Attackers to Generate Coins Without Mining

Unidentified attackers exploited a Ravencoin vulnerability to mint extra RVN “beyond the coinbase of 5000 RVN per block,” Ravencoin lead developer Tron Black wrote in a Medium post on Thursday.

According to Black, members of Ravencoin’s CryptoScope team, who developed Solus Explorer, reached out to the Ravencoin developer team recently with their findings.

The vulnerability was caused by a community code submission. “Law enforcement has been notified and is working with us,” Black said.

The extra coins increase the total supply of 21 billion RVN by 1.5% or the equivalent of 44 days worth of mining.

Ravencoin is an open-source fork of bitcoin that launched in 2018. It’s designed to facilitate the transfer of assets from one party to another, and users can create assets on the protocol that adhere to rules independent of those on the platform.

The project’s website specifically calls out the Game of Thrones’ reference to Ravens as messengers of truth, which parallels the concept of blockchains as a technology for ultimate truth. Read More