Critical Vulnerability Found in Beam Wallet

Beam Announces Critical Vulnerability in Mimblewimble Crypto’s Wallet

The group supporting Beam, a recently released privacy-oriented cryptocurrency, declared Wednesday that a”critical vulnerability” was discovered in its own wallet program.

Disseminating the information out of their official Twitter accounts, Beam encouraged users to uninstall the Beam Wallet software instantly and redownload a patched version of this program again from their site. The project’s GitHub webpage — that echoes the warning concerning the wallet applications — says which”details for its vulnerability along with the CVE is going to be printed over a week to prevent exploits.”

The GitHub page additionally says:

“The Vulnerability affects all previously released Beam Wallets both Dekstop and CLI. DO NOT DELETE THE DATABASE or any other wallet data. The vulnerability DOES NOT affect wallet data, secret keys or passwords.”

The statement specifies the vulnerability discovered in the wallet applications has been found only by the Beam programmer team”and never reported anywhere else” In a post on Discord, CTO Alex Romanov explained that”the problem was fixed” and miners and nodes are untouched.

The situation comes only days following Beam became the primary cryptocurrency to go live using the privacy tech called Mimblewimble, which will be touted as a way by which transactions could be made confidential and effectively untraceable. Beam started before Grin, yet another execution of this technology that’s expected to start next Tuesday.

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