Beam Wallet Vulnerability Found

Cryptocurrency itself was launched only a week ago
10 January 2019   625

The developers of the private cryptocurrency Beam based on the MimbleWimble protocol have discovered a critical vulnerability in the Beam Wallet wallet, affecting both the desktop version and the CLI implementation.

The project team urged users NOT to delete the wallet database, because the vulnerability does not affect private keys or passwords.

At the same time, the developers offered users five simple steps.

  1. Stop your currently running Beam Wallets immediately.
  2. Uninstall or delete your Beam Wallet application and executables from all machines. DO NOT DELETE THE DATABASE or any other wallet data
  3. Make sure the application was deleted. Check the documentation for the location of Wallet app files
  4. Download Beam Wallet again from the website only. It will have THE SAME version numbers as previously published archives. Make sure the SHA256 of the archive matches with the one published on the website.
  5. Install the new application

Beam was launch a week ago, in a day of Bitcoin genesis block 10th anniversary  

Binance to Start US Expansion

Site operator and US partner of the exchange BAM Trading is registered with FinCEN as a money transfer operator, but it operates only in California
14 June 2019   245

Binance in partnership with BAM Trading Services will open the US division called Binance US.

Note that BAM Trading, which will act as the site operator, is registered with FinCEN as a money transfer operator, however, it operates only in the territory of California.

We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America. Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.
 

Changpeng Zhao

CEO, Binance

BAM Trading involves the mechanisms of the match and the principles of working with wallets that are implemented on the parent platform.

It is worth adding that FinCEN did not verify the information provided by BAM Trading, and the fact of registration is not a recommendation, confirmation of legality (activity) or direct support of a business by a government department.

From September 12, the parent platform Binance.com will stop serving American users.

At the same time, the exchange will no longer serve users who violate the provisions of the Terms of Use: they will retain access to their wallets with funds, but will not be able to trade.